31st Jul 2007 15:56
Ashtead Group plc31 July 2007 ASHTEAD GROUP PLC
Ashtead Group plc, the international equipment rental group serving the construction, industrial and homeowner markets, announces that on 30 July 2007, it made the annual awards for 2007 to 68 senior executives under its Performance Share Plan ('PSP').
Awards under the PSP comprise the conditional right to receive ordinary shares of 10p each which normally vest on the third anniversary of grant subject to continued employment and the meeting of challenging earnings per share targets established by the Remuneration Committee. The Company intends to utilise existing shares held by the Company's Employee Share Ownership Trust to fulfil any obligation to employees which may arise in July 2010.
Included within the awards made are awards as follows to the executive directors of Ashtead Group plc:
Number of Shares Percentage of IssuedDirector covered by Award Share Capital-------- ---------------- ------------- Geoff Drabble 320,896 0.06%Sat Dhaiwal 116,418 0.02%Cliff Miller 192,243 0.03%Ian Robson 235,075 0.04%
The exercise price for the above awards is ‚£1 for all the ordinary shares to which the award relates. No consideration was paid for the grant of any of these awards.
Contacts:Chris Cole Non-executive Chairman 020 7299 5562Geoff Drabble Chief executive 020 7726 9700
ASHTEAD GROUP PLCRelated Shares:
Ashtead Group