TIDMAT.
RNS Number : 1833T
Ashtead Technology Holdings plc
23 November 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR
INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
This announcement is not a prospectus (or prospectus equivalent)
and not an offer of securities for sale nor a solicitation of an
offer to acquire or a recommendation to sell or buy securities in
any jurisdiction, including in or into the United States, Canada,
Australia, Japan, Hong Kong or the Republic of South Africa.
Neither this announcement, nor anything contained or referred to
herein shall form the basis of, or be relied upon in connection
with, any offer or commitment whatsoever in any jurisdiction.
Investors should not subscribe for or purchase any ordinary shares
("Ordinary Shares") in Ashtead Technology Holdings plc, (the
"Company") referred to in this announcement except on the basis of
information contained in the final admission document (the
"Admission Document") published by the Company (the Company,
together with its subsidiaries and subsidiary undertakings,
"Ashtead Technology" or the "Group") in connection with the placing
("Placing") of new and existing Ordinary Shares and admission of
all of its Ordinary Shares, issued and to be issued to trading on
AIM ("AIM"), a market operated by London Stock Exchange plc (the
"London Stock Exchange") ("Admission"). Copies of the Admission
Document are available for inspection on the Company's website at
www.ashtead-technology.com, subject to certain exceptions.
Ashtead Technology Holdings plc
ADMISSION TO TRADING ON AIM AND FIRST DAY OF DEALINGS
Ashtead Technology Holdings plc, a leading subsea equipment
rental and solutions provider for the global offshore energy
sector, is pleased to announce the admission of its entire issued
and to be issued share capital to trading on the AIM market of the
London Stock Exchange. Admission will take place and dealings will
commence at 8.00 a.m. today under the ticker "AT." and ISIN
GB00BLH42507.
The Company's Admission Document is available to view on the
Company's website at https://www.ashtead-technology.com/ .
Numis Securities Limited is acting as Nominated Adviser and Sole
Bookrunner in relation to Admission.
Allan Pirie, Chief Executive Officer, commented:
"Today marks another exciting milestone in the evolution of
Ashtead Technology. As a newly listed company, we plan to continue
to grow and strengthen our core business in subsea technology
rental and solutions both organically and through acquisition
further broadening our range of complementary equipment and
services and expanding our geographic presence. We are delighted to
welcome our new shareholders and look forward to serving them as we
continue to execute our growth strategy."
For further information, please contact:
Ashtead Technology Via Engine MHP
Allan Pirie, Chief Executive Officer
Ingrid Stewart, Chief Financial Officer
Engine MHP (Financial PR) Tel: +44 (0)20 3128 8540
Peter Hewer AshteadTechnology@mhpc.com
Charlie Barker
Robert Collett-Creedy
Numis Securities Limited (Nomad and Tel: +44 (0)20 7260 1000
Sole Bookrunner)
Julian Cater
George Price
Jonny Abbott
Kevin Cruickshank (QE)
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. Headquartered in the UK, the Company operates
globally, servicing customers from its nine international customer
service hubs.
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"). In the more mature oil
and gas sector, Ashtead Technology's focus is on IMR and
decommissioning.
Following the participation of Bill Shannon in the IPO, the
revised directors' holdings in the Group are set out below:
Shareholder % of Issued Share
Capital
Allan Pirie 2.7%
------------------
Ingrid Stewart 0.4%
------------------
Joe Connolly 0.2%
------------------
Bill Shannon 0.1%
------------------
IMPORTANT NOTICES:
This announcement does not constitute or form part of any offer
for sale or subscription or any solicitation of any offer to buy or
subscribe for any securities and neither this announcement nor any
part of it forms the basis of or may be relied on in connection
with or act as an inducement to enter into any contract or
commitment whatsoever.
The information contained in this announcement is for background
purposes only and does not purport to be full or complete, nor does
this announcement constitute or form part of any invitation or
inducement to engage in investment activity. No reliance may be
placed by any person for any purpose on the information contained
in this announcement or its accuracy, fairness or completeness. The
contents of this announcement are not to be construed as legal,
financial or tax advice.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States (including its
territories and possessions, any State of the United States and the
District of Columbia), Australia, Canada, Japan. Hong Kong, the
Republic of South Africa or any other jurisdiction where to do so
would constitute a violation of the relevant laws of such
jurisdiction. The distribution of this announcement may be
restricted by law in certain jurisdictions and persons into whose
possession any document or other information referred to herein
comes should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction.
The securities referred to in this document have not been, and
will not be, registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in
the United States except on the basis of an applicable exemption
from registration, or in a transaction not subject to, the
registration requirements of the Securities Act. There will be no
public offering of securities in the United States.
This document contains statements that are, or may be deemed to
be, "forward-looking statements". These forward-looking statements
involve known and unknown risks and uncertainties, many of which
are beyond the Group's control and all of which are based on the
Directors' current beliefs and expectations about future events. In
some cases, these forward-looking statements can be identified by
the use of forward-looking terminology, including, without
limitation, the terms "anticipates", "believes", "could",
"envisages", "estimates", "expects", "intends", "may", "plans",
"projects", "should", "will" or, in each case, their negative or
other variations or comparable terminology. These forward-looking
statements relate to matters that are not historical facts. They
include statements regarding the intentions, beliefs and current
expectations of the Company or the Directors concerning, amongst
other things, the results of operations, financial condition,
liquidity, prospects, growth and strategies of the Company and the
industry in which the Group operates. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. Forward-looking statements are not
guarantees of future performance. The actual results, performance
or achievements of the Company or developments in the industry in
which the Group operates may differ materially from the future
results, performance or achievements or industry developments
expressed or implied by the forward-looking statements contained in
this document.
These forward-looking statements and other statements contained
in this document regarding matters that are not historical facts
involve predictions. No assurance can be given that such future
results will be achieved; actual events or results may differ
materially as a result of risks and uncertainties facing the Group.
Such risks and uncertainties could cause actual results to vary
materially from the future results indicated, expressed or implied
in such forward-looking statements.
Each of the Company and Numis Securities Limited, and their
respective affiliates, expressly disclaims any obligation or
undertaking to update, review or revise any forward-looking
statements contained in this announcement and disclaims any
obligation to update its view of any risks or uncertainties
described herein or to publicly announce the results of any
revisions to the forward-looking statements made in this
announcement, whether as a result of new information, future
developments or otherwise, except as required by law.
Neither Numis Securities Limited, nor any of its affiliates,
directors, officers or employees, advisers, agents or any other
person accepts any responsibility or liability whatsoever for the
contents of, or makes any representations or warranties, express or
implied, as to the accuracy, fairness or completeness of the
information presented or contained in this announcement (or whether
any information has been omitted from this announcement) or any
other information relating to the Company, its subsidiaries and
their associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of this announcement or its
contents or otherwise arising in connection therewith. Accordingly,
Numis Securities Limited, and its affiliates, directors, officers
or employees, and any other person acting on their behalf expressly
disclaims, to the fullest extent possible, any and all liability
whatsoever for any loss howsoever arising from, or in reliance
upon, the whole or any part of the contents of this announcement,
whether in tort, contract or otherwise which they might otherwise
have in respect of this announcement or its contents or otherwise
arising in connection therewith.
Numis Securities Limited is acting exclusively for the Company
and no one else in connection with this Announcement. They will not
regard any other person as their respective clients in relation to
the possible Admission and will not be responsible to anyone other
than the Company for providing the protections afforded to their
respective clients, nor for providing advice in relation to the
contents of this announcement or any transaction, arrangement or
other matter referred to herein.
Numis Securities Limited is authorised and regulated by the
Financial Conduct Authority in the United Kingdom.
For the avoidance of doubt, the contents of the Company's
website are not incorporated by reference into, and do not form
part of, this announcement.
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END
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