25 March 2025
Ashtead Technology Holdings plc
("Ashtead Technology", the "Group" or the "Company")
Issue of shares to EBT and Total Voting Rights
Ashtead Technology Holdings plc (AIM: AT.), a leading provider of subsea technology solutions to the global offshore energy sector, announces that it has allotted and issued 310,358 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 310,358 Ordinary Shares, representing 0.4 per cent. of the 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 26 March 2025.
Following Admission of the New Shares the Company will have 80,624,196 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 80,624,196 (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 Colin Ross, Chief Strategy & Marketing Officer
| (Via Vigo Consulting)
|
| Deutsche Numis (Nomad and Broker) Julian Cater George Price Kevin Cruickshank (QE)
| Tel: +44 (0)20 7260 1000
|
| Peel Hunt (Joint Broker) Edward Allsopp Charlotte Sutcliffe Tom Graham
| Tel: +44 (0)20 7418 8900
|
| Vigo Consulting (Financial PR) Patrick d'Ancona Finlay Thomson Verity Snow
| Tel: +44 (0)20 7390 0230 ashteadtechnology@vigoconsulting.com
|
Notes to editors:
Ashtead Technology is a leading subsea technology solutions provider to 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.
Ashtead Technology's offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure with over 85% of its equipment fungible across both markets.
Headquartered in the UK, Ashtead Technology operates globally, servicing customers from its facilities located in key offshore energy hubs.
To learn more, please visit www.ashtead-technology.com
The person responsible for arranging the release of this announcement on behalf of Ashtead Technology is Ingrid Stewart, CFO / Director.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.