RE: US listing11 Dec 2025 21:03
Nobody mentioned the new share buyback programme.
10 December, 2025
Ashtead Group plc
Launches new share buyback programme of up to USD 1.5 billion
Further to the disclosure by Ashtead Group plc ("Ashtead") in the second quarter results announcement on 9 December concerning the launch of a new share buyback programme of up to $1.5bn for the period to 30 April 2027, Ashtead today announces that Sunbelt Rentals Holdings Inc. ("Sunbelt Rentals") (the proposed new holding company of the Ashtead Group) has entered into non-discretionary arrangements with Barclays Capital Inc. ("Barclays") to repurchase ordinary shares on Sunbelt Rentals' behalf by way of the initial tranche of the new share buyback programme for an aggregate maximum consideration of up to $1.5bn on the London Stock Exchange (LSE) and on the New York Stock Exchange (NYSE), respectively (the "Buyback"). The Buyback will commence on the date on which Sunbelt Rentals' shares are listed and traded on the NYSE and LSE which is expected to be 2 March 2026 and end no later than 24 June 2026.