Last checked at 7 Jul 2015 14:17
ASHTEAD GROUP PLC - Director/PDMR ShareholdingASHTEAD GROUP PLC - Director/PDMR Shareholding
PR Newswire
London, July 7
Ashtead Group PLC
7 July 2015
Director / PDMR Shareholding
Ashtead Group plc (the “Company”) announces that on 6 July 2015 it made the annual awards for 2015 to 138 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 2018.
The following awards were made to the executive directors:
| Director | Number of shares covered by the award | Percentage of issued share capital |
| Geoff Drabble | 126,832 | 0.025 |
| Sat Dhaiwal | 35,680 | 0.007 |
| Brendan Horgan | 70,437 | 0.013 |
| Suzanne Wood | 51,867 | 0.010 |
The share price on the date of grant was £10.51
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.
Contact:
Eric Watkins, General Counsel. Tel: 020 7726 9740