Issue of shares to EBT
Company issued 365,919 shares to employee benefit trust to satisfy future LTIP awards.
- Shares issued to EBT 365,919
- EBT shareholding 0.7%
- Total voting rights after admission 80,313,838
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Ashtead Technology (AIM: AT.), the international subsea equipment rental and solutions specialist, announces that it has allotted and issued 365,919 ordinary shares of 5 pence each in the capital of the Group (the "New Shares") to the Ashtead Technology Holdings plc Employee Benefit Trust ("EBT"), in order to satisfy future exercises of awards granted to participants under the rules of the Group's Long Term Incentive Plan ("LTIP").
The EBT now holds an aggregate of 575,541 Ordinary Shares, representing 0.7 per cent. of issued share capital of the Company.
In relation to above, applications have been made to the London Stock Exchange for admission to trading of the New Shares on AIM (the "Admission"). Admission is expected to take place at 8.00 a.m. on Wednesday 17 April.
Following Admission of the New Shares the Company will have 80,313,838 Ordinary Shares of 5 pence each in issue. There are no shares held in treasury. Therefore, following Admission of the New Shares the total number of voting rights in the Company will be 80,313,838 (the "Voting Rights Figure"), and this Voting Rights Figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.
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