Conditional LTIP Awards
Conditional LTIP awards granted to 592,569 shares representing 0.73% of share capital to various employees.
- Total shares awarded 592,569
- Percentage of issued share capital 0.73%
- Price used for calculation 379p
- Allan Pirie award 227,813 shares
- Ingrid Stewart award 128,764 shares
Select text to share a quote on X · sign in to keep highlights & notes in your AT. notes
Ashtead Technology Holdings plc (LSE: AT.), a leading provider of subsea technology solutions to the global offshore energy sector, announces that it has conditionally granted long term incentive awards over a total of 592,569 new ordinary shares of 5 pence each in the Company at nil cost under the 2023 Long Term Incentive Plan (the "LTIP Plan"), representing approximately 0.73% of the Company's issued ordinary share capital (the "Awards") to various employees. The LTIP Plan was approved at the Company's AGM on 8 June 2023.
The Awards have been made in the ordinary course of business and are in line with prior year awards. The price used to determine the Awards was 379p being the five day average in the period prior to announcing the 2025 full year Results on 17 March 2026, being in line with the process in prior years.
The Awards will vest in one tranche following a three year performance period and not earlier than the date of release of the Company's annual report for the year ending 31 December 2028 (the 2028 Accounts). 50% of the award is linked to the achievement of target compound annual growth of Adjusted Earnings Per Share (as determined by the 2028 Accounts), 25% of the award is linked to the achievement of an average ROIC, and 25% of the award is linked to the achievement of total shareholder return (TSR) relative to the wider market, with 50% tested against the performance of the FTSE Small Cap Index and 50% against the performance of the Deutsche Numis Smaller Companies 1000 (ex-Investment companies) Index. The Awards are subject to clawback provisions.
The awards to Persons Discharging Managerial Responsibility are as follows:
| PDMR | Awards* |
|---|---|
| Allan Pirie | 227,813 |
| Ingrid Stewart | 128,764 |
*including dividend equivalent rights.
| DGA Group (Financial PR) Jonathon Brill James Styles | Tel: +44 (0)7566 794 033 ashteadtechnology@dgagroup.com | ||
| (a) | Name | 1. Allan Pirie 2. Ingrid Stewart | |
| 2. | Reason for the notification | ||
| (a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer | |
| (b) | Initial notification/ Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (a) | Name | Ashtead Technology Holdings plc | |
| (b) | LEI | 213800LHEWVY66RPGR58 | |
| (a) | Description of the Financial Instrument | Ordinary shares of 5 pence each | |
| (b) | Identification code of the Financial Instrument | GB00BLH42507 | |
| (c) | Nature of the transaction | Grant of nil-cost options under the LTIP | |
| (d) | Price(s) and volume(s) | Price(s) 1. Nil 2. Nil | Volume(s) 1. 227,813 2. 128,764 |
| (e) | Aggregated information - Aggregated volume - Price | ||
| (f) | Date of the transaction | 2 June 2026 | |
| (g) | Place of the transaction | Outside of a Trading Venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.