11th Feb 2025 10:43
(Alliance News) - Ashtead Group on Tuesday said it plans to insert a new US company as its ultimate parent company, as it continues to target a primary US listing while retaining a secondary listing in London.
The London-based industrial equipment rental provider said it will hold an extraordinary general meeting in June, for which it will release details in mid-May.
Ashtead Group aims to insert a new US company, to be named Sunbelt Rentals Holdings Inc, as the ultimate parent company. It expects its plans to become effective in the first quarter of 2026.
Further, it confirmed that Alex Pease will become chief financial officer on March 1, succeeding Michael Pratt.
Ashtead Group shares rose 0.8% to 5,113.20 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
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