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IN BRIEF: Subsea equipment rental firm Ashtead Technology sets AIM IPO

Mon, 08th Nov 2021 15:59

Ashtead Technology Holdings PLC - Aberdeenshire-based subsea equipment rental for offshore energy sector - Plan initial public offering on AIM in London on November 23, with Numis Securities Ltd as broker and nominated advisor. Currently is 58% owned by Buckthorn Partners LLP, 34% by funds controlled by Arab Petroleum Investments Corp, and 5% by Chief Executive Officer Allan Pirie. Has 79 million shares in issue. Doesn't say how many new or existing shares will be offered in IPO.

By Tom Waite; thomaslwaite@alliancenews.com

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