5th Jul 2016 13:17
ASHTEAD GROUP PLC - Director/PDMR ShareholdingASHTEAD GROUP PLC - Director/PDMR Shareholding
PR Newswire
London, July 5
Ashtead Group PLC
5 July 2016
Director / PDMR Shareholding
Ashtead Group plc (the “Company”) announces that on 4 July 2016 it made the annual awards for 2016 to 170 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 achievement of challenging performance targets set by the Remuneration Committee. The Company intends to utilise shares held by the Group’s Employee Share Ownership Trust to fulfil any obligations to award shares to employees which may arise in 2019.
The following awards were made to the executive directors:
| Director | Number of shares covered by the award |
| Geoff Drabble | 143,446 |
| Sat Dhaiwal | 38,624 |
| Brendan Horgan | 93,584 |
| Suzanne Wood | 65,960 |
The exercise price for the above awards is GBP1 for all ordinary shares to which the award relates. No consideration was paid for the grant of any of these awards.
The Company further announces that 97.5% of the awards made to its executive directors in July 2013 vested on 4 July 2016
As a result of vesting each director received the following number of shares:
| Geoff Drabble | 117,418 |
| Sat Dhaiwal | 32,280 |
| Brendan Horgan | 50,018 |
| Suzanne Wood | 47,415 |
Geoff Drabble, Sat Dhaiwal, Brendan Horgan and Suzanne Wood sold these shares on 4 July 2016 at 1068 pence per share.
The directors’ total shareholdings are:
| Number of shares | Percentage of issued Share capital | |
| Geoff Drabble | 1,334,159 | 0.24 |
| Sat Dhaiwal | 398,375 | 0.07 |
| Brendan Horgan | 493,874 | 0.09 |
| Suzanne Wood | 208,805 | 0.04 |
Contact:
Eric Watkins, General Counsel. Tel: 020 7726 9740
Related Shares:
Ashtead Group