2nd Oct 2006 15:48
Ashtead Group plc2nd October 2006 ASHTEAD GROUP PLC Ordinary Shares of 10p Ashtead Group plc announces that its Employee Share Option Trust has todaytransferred 378,000 ordinary 10p shares to Geoffrey Drabble the Group's ChiefExecutive Designate who commenced employment on 2nd October 2006.Mr Drabble is required to hold these shares for a minimum period of one yearThis transfer of shares is a contractual commitment made by the Group at thetime of Mr Drabble's appointment and is to compensate him for relinquishingvarious incentives when he resigned from his former employer (the Laird Groupplc).ENDASHTEAD GROUP PLCRelated Shares:
Ashtead Group