Ashtead Group Regulatory News (AHT)

ASHTEAD GROUP PLC - Director/PDMR Shareholding

PR Newswire

London, June 22

Ashtead Group plc

22nd June 2020

ASHTEAD GROUP PLC

Director / PDMR Shareholding

Ashtead Group plc (the “Company”) announces that on 19 June 2020 it made the annual awards

For 2020 to 317 senior executives under its Performance Share Plan (“PSP”).

Awards under the PSP comprise the conditional right to receive ordinary shares of 10p each. Vesting of awards is 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.

For awards made in 2017 and thereafter, executive directors, who were directors at time the awards were made are required to hold any vested shares, after selling sufficient shares to fund their tax liability, for a further two years from the date of vesting.

The following awards were made to the executive directors:

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.

The Company further announces that the awards made to its executive directors in June 2017 vested on 19 June 2020.

As a result of the vesting of the 2017 awards the directors received the following number of ordinary 10p shares:

Brendan Horgan and Michael Pratt sold 33,054 and 11,156 ordinary 10p shares respectively on

19 June 2020 at 2736p per share to fund the tax payable on the exercise and retained the balance of the shares.

The directors’ total shareholdings are:

*Excluding treasury shares.

Contact:

Eric Watkins

Tel: 020 7726 9740