REG-Ashtead Group Plc: Director/PDMR Shareholding

AshteadAnnouncement

21/06/2024 15:45

Ashtead Group plc

 

21 June 2024

 

 

 

ASHTEAD GROUP PLC

 

Director / PDMR Shareholding

 

 

Ashtead Group plc (the "Company") announces that on 20 June 2024 it made
awards under its Long-Term Incentive Plan ("LTIP").

 

Awards under the LTIP comprise the conditional right to receive ordinary
shares of 10p each.  Vesting of awards is subject to continued employment and
the achievement of challenging performance targets set by the Remuneration
Committee. The Company intends to utilise shares held by the Group's Employee
Share Ownership Trust to fulfil any obligations to award shares to employees,
which may arise.

 

Executive directors, who were directors at time the awards were made are
required to hold any vested shares, after selling sufficient shares to fund
their tax liability, for a further two years from the date of vesting.

 

The following awards were made to the executive directors:

                                                   
               

 Director        Number of ordinary 10p shares covered by the award  
 Brendan Horgan  59,390                                              
 Michael Pratt   26,333                                              

 

The closing mid-market share price on the award date was 5,434p.

 

The exercise price for the above awards is GBP1 for all ordinary shares to
which the award relates. No consideration was paid for the grant of any of
these awards.

 

 

 

Contact:

 

Will Shaw

Tel: 020 7726 9761



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