7 December 2023
Ashtead Technology Holdings plc
PDMR Dealing
Ashtead Technology Holdings plc (AIM: AT.) (the "Company"), a leading subsea equipment rental and solutions provider for the global offshore energy sector announces that on 6 December 2023, Allan Pirie and Ingrid Stewart, Chief Executive Officer and Chief Financial Officer of the Company sold 400,000 and 30,000 shares, respectively, for estate planning purposes.
Following the transaction, Allan Pirie continues to hold 1,341,600 ordinary shares and Ingrid Stewart 235,786 ordinary shares, representing 1.7% and 0.3% respectively, of the issued share capital of the Company.
-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
| Tel: +44 (0)20 7390 0230 ashteadtechnology@vigoconsulting.com
|
| Numis Securities Limited (trading as Deutsche Numis) (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 with over 85% of its equipment fungible across both markets.
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 predominantly on IMR and decommissioning.
Headquartered in the UK, the Company operates globally, servicing customers from its eleven facilities located in key offshore energy hubs.
OTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | Allan Pirie | |
| 2. | Reason for the notification | ||
| (a) | Position/status | Chief Executive Officer | |
| (b) | Initial notification/ Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (a) | Name | Ashtead Technology Holdings plc | |
| (b) | LEI | 213800LHEWVY66RPGR58 | |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| (a) | Description of the Financial Instrument | Ordinary shares of £0.05 each | |
| (b) | Identification code of the Financial Instrument | GB00BLH42507 | |
| (c) | Nature of the transaction | Sale of shares | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | | 596 pence | 400,000 |
| | | | |
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 6 December 2023 | |
| (g) | Place of the transaction | London Stock Exchange | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | Ingrid Stewart | |
| 2. | Reason for the notification | ||
| (a) | Position/status | Chief Financial Officer | |
| (b) | Initial notification/ Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (a) | Name | Ashtead Technology Holdings plc | |
| (b) | LEI | 213800LHEWVY66RPGR58 | |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| (a) | Description of the Financial Instrument | Ordinary shares of £0.05 each | |
| (b) | Identification code of the Financial Instrument | GB00BLH42507 | |
| (c) | Nature of the transaction | Sale of shares | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | | 596 pence | 30,000 |
| | | | |
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 6 December 2023 | |
| (g) | Place of the transaction | London Stock Exchange | |
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