12th Oct 2006 16:44
ASHTEAD GROUP PLC PERFORMANCE SHARE PLAN Ashtead Group plc, the international equipment rental group serving theconstruction, industrial and homeowner markets, announces that today, 12October 2006, it made the annual awards for 2006 to 64 senior executives underits Performance Share Plan ('PSP').Awards under the PSP comprise the conditional right to receive ordinary sharesof 10p each which normally vest on the third anniversary of grant subject tocontinued employment and the meeting of challenging earnings per share targetsestablished by the Remuneration Committee. The Company intends to utiliseexisting shares held by the Company's Employee Share Ownership Trust to fulfillany obligation to employees which may arise in October 2009.Included within the awards made today are awards as follows to the executivedirectors of Ashtead Group plc: Number of Shares Percentage of Issued Director Covered by Award Share Capital Geoff Drabble 264,943 0.04% Sat Dhaiwal 90,468 0.01% Cliff Miller 174,047 0.03% Ian Robson 193,861 0.03%The exercise price for the above awards is ‚£1 for all the ordinary shares towhich the award relates. No consideration was paid for the grant of any ofthese awards.Contacts:Cob Stenham Non-executive Chairman 020 7299 5562George Burnett Chief executive ) 01372 362300Geoff Drabble Chief executive designate )ENDASHTEAD GROUP PLCRelated Shares:
Ashtead Group