Ashtead Group Plc - Director/PDMR Shareholding
June 21 2024 - 10:30AM
UK Regulatory
Ashtead Group Plc - Director/PDMR
Shareholding
PR Newswire
LONDON, United Kingdom, June 21
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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