20th Oct 2011 16:48
Ashtead Group plc20 October 2011 ASHTEAD GROUP PLC Director / PDMR Shareholder Ashtead Group plc ("the Company") announces that the awards made to itsexecutive directors in October 2008 under the Company's Performance Share Planpartially vested on 13 October 2011. As a result each director received the netnumber of vested shares shown in the table below, together with their totalshareholding:-Director Net shares Total number of % of issued shares received shares held Geoff Drabble 286,742 698,099 0.14 Ian Robson 137,292 1,714,326 0.34 Sat Dhaiwal 92,227 458,076 0.09 Brendan Horgan 89,247 310,775 0.06
The net number of shares vested and retained by the directors is after selling sufficient shares in order to fund the income and employment taxes payable on the vesting of the award. Each director sold these shares on 19 October 2011 at 159.8p per share and the number of shares sold was G Drabble 310,638, I Robson 148,734, S Dhaiwal 99,913 and B Horgan 55,753.
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