13 March 2023
Ashtead Technology Holdings plc
("Ashtead Technology" or the "Group")
Issue of Shares and Total Voting Rights
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 365,919 Ordinary Shares, representing 0.5 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 15 March 2023.
Following Admission of the New Shares the Company will have 79,947,919 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 79,947,919 (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.
-Ends-
For further information, please contact:
| Ashtead Technology Allan Pirie, Chief Executive Officer Ingrid Stewart, Chief Financial Officer
| (Via Vigo Consulting)
|
| Ashtead Technology Media Contact: Caroline Merson, Marketing & Communications Director
| +44 (0)7436 03496 caroline.merson@ashtead-technology.com
|
| Vigo Consulting (financial PR) Patrick d'Ancona Finlay Thomson Kate Kilgallen
| 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
|
About Ashtead Technology:
Ashtead Technology is a leading provider of equipment rental solutions, advanced underwater technologies and support services to the global offshore energy sector.
Through three service lines - Survey & Robotics, Mechanical Solutions and Asset Integrity - Ashtead Technology supports the installation, IMR (inspection, maintenance & repair), and decommissioning of offshore energy infrastructure from its service centres located in key offshore energy hubs throughout the world.
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