Ashtead says Sunbelt to trade in New York and London from March

(Alliance News) - Ashtead Group PLC on Wednesday said the UK's Financial Conduct Authority approved the prospectus to progress the dual-listing of its US holding company Sunbelt Rentals Holdings Inc to both New York and London.

In a regulatory filing, the London-based industrial equipment rental company also said that it has received a certification from the New York Stock Exchange in late January that its US application had been authorised pending registration.

Such registration will become effective tomorrow, and Ashtead says trading in Sunbelt Rentals common stocks, which will represent the company's entire issued share capital, will begin at the start of the trading day on March 2 under the ticker SUNB on both exchanges.

Sunbelt will be traded in US dollars in New York, and in pounds on London's main market through depositary interests.

Ashtead shares were up 0.2% to 5,260.00 pence each on Wednesday afternoon in London.

By Martin Miraglia, Alliance News reporter

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