16 April 2024
Ashtead Technology
Holdings plc
("the
Company")
Issue of shares to EBT
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.
For further
information, please contact:
|
Ashtead
Technology
Allan Pirie, Chief Executive Officer
Ingrid Stewart, Chief Financial
Officer
|
(Via Vigo Consulting)
|
|
Vigo Consulting
(Financial PR)
Patrick d'Ancona
Finlay Thomson
Verity Snow
|
Tel: +44 (0)20 7390 0230
ashteadtechnology@vigoconsulting.com
|
|
Numis
Securities Limited (Nomad and Broker)
Julian Cater
George Price
Kevin Cruickshank (QE)
|
Tel: +44 (0)20 7260 1000
|
Notes to
editors:
Ashtead Technology is a leading subsea
equipment rental and solutions provider for the global offshore
energy sector. Ashtead Technology's specialist equipment,
advanced-technologies and support services enable its customers to
understand the subsea environment and manage offshore energy
production infrastructure.
The Company's service offering is applicable
across the lifecycle of offshore wind farms and offshore oil and
gas infrastructure.
In the fast-growing offshore wind sector,
Ashtead Technology's specialist equipment and services are
essential through the project development, construction and
installation phase. Once wind farms are operational, Ashtead
Technology supports customers with inspection, maintenance and
repair ("IMR") equipment and services. In the more mature oil
and gas sector, Ashtead Technology's focus is on IMR and
decommissioning.
Headquartered in the UK, the Group operates
globally, servicing customers from its twelve facilities located in
key offshore energy hubs.