Ashtead Group PLC Director/PDMR Shareholding
06 July 2022 - 12:34AM
UK Regulatory
TIDMAHT
Ashtead Group plc
5 July 2022
ASHTEAD GROUP PLC
Director / PDMR Shareholding
Ashtead Group plc (the "Company") announces that on 4 July 2022 it made the
annual awards for 2022 to senior executives 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 89,923
Michael Pratt 38,083
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 98.7% of the Performance Share Plan awards
made to its executive directors in July 2019 vested on 4 July 2022.
As a result of the vesting of the 2019 awards the directors received the
following number of ordinary 10p shares:
Director Number of ordinary 10p shares received
Brendan Horgan 69,682
Michael Pratt 30,153
On 4 July 2022 Brendan Horgan sold 34,682 ordinary 10p shares and Michael Pratt
sold 14,844 ordinary 10p shares both at 34.74p per share to fund the tax
payable on the vesting of 2019 PSP award.
The directors' total shareholdings are:
Director Number of ordinary Percentage of base Percentage of issued
10p shares salary * share capital**
Brendan Horgan 475,000 1,849 0.11
Michael Pratt 314,000 1,855 0.07
* The percentage of base salary is based on the sterling / dollar exchange rate
and share price as at 4 July 2022.
** Excluding treasury shares.
Contact:
Eric Watkins
Tel: 020 7726 9740
END
(END) Dow Jones Newswires
July 05, 2022 10:34 ET (14:34 GMT)
Ashtead (LSE:AHT)
Historical Stock Chart
From Apr 2024 to May 2024
Ashtead (LSE:AHT)
Historical Stock Chart
From May 2023 to May 2024