28th Jun 2010 17:03
Ashtead Group plc28 June 2010 ASHTEAD GROUP PLC
Ashtead Group plc announces that on 28 June 2010 it made the annual awards for 2010 to 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 Total Shareholder Return and Earnings Per Share targets established by the Remuneration Committee. The Company intends to utilise shares held by the Company's Employee Share Ownership Trust to fulfil any obligation to employees which may arise in 2013.
Included within the awards are the following awards made to the executive directors of Ashtead Group plc:
Director Number of Shares Percentage of Issued
Covered by Award Share Capital
Geoff Drabble 694,416 0.14%Sat Dhaiwal 223,350 0.04%Joe Phelan 340,593 0.07%Ian Robson 332,487 0.07%
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 0207 299 5562
Geoff Drabble Chief executive 0207 726 9700
END
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Ashtead Group