Ashtead Group PLC
20th June 2017
Director / PDMR
Shareholding
Ashtead Group plc (the “Company”) announces that on
19th June 2017 it made the
annual awards for 2017 to 193 senior executives under its
Performance Share Plan (“PSP”).
Awards under the PSP comprise the conditional right to receive
ordinary shares of 10p each, which for the directors ordinarily
vest on the fifth anniversary of grant for awards made on and after
2017. 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.
The following awards were made to the executive directors and
PDMRs:
Director |
|
Number of ordinary
10p |
|
|
shares covered by the
award |
|
|
|
Geoff Drabble |
|
97,287 |
Sat Dhaiwal |
|
26,195 |
Brendan Horgan |
|
66,108 |
Suzanne Wood |
|
46,591 |
Kurt Kenkel |
* |
17,300 |
Russ Brown |
* |
16,527 |
Francis
Hassis |
* |
16,527 |
Tim
Robinette |
* |
8,880 |
Phil Parker |
** |
5,395 |
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.
The Company further announces that the awards made to its
executive directors and PDMRs in June
2014 vested on 19th June
2017.
As a result of the vesting of the 2014 award the directors and
PDMRs received the following number of ordinary 10p shares:
Geoff Drabble |
111,314 |
Sat Dhaiwal |
27,794 |
Brendan Horgan |
46,683 |
Suzanne Wood |
45,834 |
Kurt Kenkel |
22,486 |
Russ Brown |
21,474 |
Francis Hassis |
21,474 |
Tim Robinette |
4,319 |
The directors and PDMRs sold these ordinary 10p shares on
19th June 2017 at
1,622 pence per share.
The directors’ total shareholdings are:
|
Number
of ordinary
10p shares |
Percentage of issued
Share capital |
Geoff Drabble |
1,334,159 |
0.27 |
Sat Dhaiwal |
150,000 |
0.03 |
Brendan Horgan |
493,874 |
0.10 |
Suzanne Wood |
208,805 |
0.04 |
* Sunbelt Rentals’ operational
executives
** A Plant’s finance director
Contact:
Eric Watkins, General Counsel.
Tel: 020 7726 9740