Ashtead Group PLC Director/PDMR Shareholding
June 22 2020 - 10:32AM
UK Regulatory
TIDMAHT
Ashtead Group plc
22nd June 2020
ASHTEAD GROUP PLC
Director / PDMR Shareholding
Ashtead Group plc (the "Company") announces that on 19 June 2020 it made the
annual awards
For 2020 to 317 senior executives under its Performance Share Plan ("PSP&
65533;??).
Awards under the PSP 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.
For awards made in 2017 and thereafter, 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 60,911
Michael Pratt 25,905
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
in June 2017 vested on 19 June 2020.
As a result of the vesting of the 2017 awards the directors received the
following number of ordinary 10p shares:
Director Number of ordinary 10p shares received
Brendan Horgan 66,108
Michael Pratt 23,736
Brendan Horgan and Michael Pratt sold 33,054 and 11,156 ordinary 10p shares
respectively on
19 June 2020 at 2736p per share to fund the tax payable on the exercise and
retained the balance of the shares.
The directors' total shareholdings are:
Director Number of ordinary 10p shares Percentage of issued Share
capital*
Brendan Horgan 433,938 0.10
Michael Pratt 283,667 0.06
*Excluding treasury shares.
Contact:
Eric Watkins
Tel: 020 7726 9740
END
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