Company Announcements

 

Ashtead Group PLC

AGM Statement  

 

2 September 2025

 

ASHTEAD GROUP PLC

("Ashtead" or the "Company")

 

AGM Statement & Results

 

AGM Statement & Results

 

At the Annual General Meeting ("AGM") of the Company held on 2 September 2025 at 10:00am, all resolutions put to shareholders were duly passed on a poll with the required majorities. The full text of each resolution is contained in the Notice of Annual General Meeting. [Resolutions 1 to 14 were passed as ordinary resolutions. Resolutions 15 - 18 were passed as special resolutions.]

 

As at 18:30 (UK   time) on 1 September 2025, there was a total of 451,354,833 ordinary shares of the Company with 424,098,565 ordinary shares in issue and 27,256,268 ordinary shares in treasury, and therefore the number of ordinary shares entitling the holders to attend and vote 'for' or 'against' all the resolutions at the AGM was 424,098,565. In accordance with the Company's Articles of Association, on a poll, every member present in person or by proxy has one vote for every share held.

 

 __________________________________________________________________________________________
|   |            |Votes for    |        |          |        |Total no.  |% of   |          |
|   |ORDINARY    |(including   |% Votes |Votes     |% Votes |of votes   |Issued |Votes     |
|   |RESOLUTIONS |discretionary|for *   |against   |against |validly    |Share  |          |
|   |            |votes)       |        |          |        |cast       |Capital|withheld**|
|   |            |             |        |          |        |           |voted  |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |accounts for|             |        |          |        |           |       |          |
|   |the year    |             |        |          |        |           |       |          |
|   |ended 30    |             |        |          |        |           |       |          |
|   |April 2025, |             |        |          |        |           |       |          |
|1. |the         |318,543,482  |99.9768%|73,824    |0.0232% |318,617,306|75.13% |1,536,099 |
|   |directors'  |             |        |          |        |           |       |          |
|   |report and  |             |        |          |        |           |       |          |
|   |the         |             |        |          |        |           |       |          |
|   |auditors'   |             |        |          |        |           |       |          |
|   |report be   |             |        |          |        |           |       |          |
|   |adopted.    |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |directors'  |             |        |          |        |           |       |          |
|   |remuneration|             |        |          |        |           |       |          |
|2. |report for  |302,732,680  |94.5645%|17,400,776|5.4355% |320,133,456|75.49% |19,949    |
|   |the year    |             |        |          |        |           |       |          |
|   |ended 30    |             |        |          |        |           |       |          |
|   |April 2025  |             |        |          |        |           |       |          |
|   |be approved.|             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |final       |             |        |          |        |           |       |          |
|   |dividend    |             |        |          |        |           |       |          |
|   |recommended |             |        |          |        |           |       |          |
|   |by the      |             |        |          |        |           |       |          |
|   |directors of|             |        |          |        |           |       |          |
|   |72.0 US     |             |        |          |        |           |       |          |
|   |cents per   |             |        |          |        |           |       |          |
|   |ordinary    |             |        |          |        |           |       |          |
|   |share for   |             |        |          |        |           |       |          |
|   |the year    |             |        |          |        |           |       |          |
|   |ended 30    |             |        |          |        |           |       |          |
|3. |April 2025  |320,059,547  |99.9740%|83,236    |0.0260% |320,142,783|75.49% |10,622    |
|   |be declared |             |        |          |        |           |       |          |
|   |payable on  |             |        |          |        |           |       |          |
|   |10 September|             |        |          |        |           |       |          |
|   |2025 to     |             |        |          |        |           |       |          |
|   |holders of  |             |        |          |        |           |       |          |
|   |ordinary    |             |        |          |        |           |       |          |
|   |shares      |             |        |          |        |           |       |          |
|   |registered  |             |        |          |        |           |       |          |
|   |at the close|             |        |          |        |           |       |          |
|   |of business |             |        |          |        |           |       |          |
|   |on7 August  |             |        |          |        |           |       |          |
|   |2025.       |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That Paul   |             |        |          |        |           |       |          |
|   |Walker be   |             |        |          |        |           |       |          |
|4. |re-elected  |267,081,249  |83.4970%|52,788,096|16.5030%|319,869,345|75.42% |284,060   |
|   |as a        |             |        |          |        |           |       |          |
|   |director.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That Brendan|             |        |          |        |           |       |          |
|   |Horgan be   |             |        |          |        |           |       |          |
|5. |re-elected  |319,048,792  |99.6592%|1,091,016 |0.3408% |320,139,808|75.49% |13,597    |
|   |as a        |             |        |          |        |           |       |          |
|   |director.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That Angus  |             |        |          |        |           |       |          |
|   |Cockburn be |             |        |          |        |           |       |          |
|6. |re-elected  |300,861,900  |93.9826%|19,263,259|6.0174% |320,125,159|75.48% |28,246    |
|   |as a        |             |        |          |        |           |       |          |
|   |director.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That Jill   |             |        |          |        |           |       |          |
|   |Easterbrook |             |        |          |        |           |       |          |
|7. |be          |308,333,705  |96.3130%|11,803,295|3.6870% |320,137,000|75.49% |16,405    |
|   |re-elected  |             |        |          |        |           |       |          |
|   |as a        |             |        |          |        |           |       |          |
|   |director.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That Renata |             |        |          |        |           |       |          |
|   |Ribeiro be  |             |        |          |        |           |       |          |
|8. |re-elected  |307,422,306  |96.0286%|12,714,047|3.9714% |320,136,353|75.49% |17,052    |
|   |as a        |             |        |          |        |           |       |          |
|   |director.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That Roy    |             |        |          |        |           |       |          |
|   |Twite be    |             |        |          |        |           |       |          |
|9. |re-elected  |302,253,446  |94.4188%|17,866,572|5.5812% |320,120,018|75.48% |33,387    |
|   |as a        |             |        |          |        |           |       |          |
|   |director.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That Nando  |             |        |          |        |           |       |          |
|10.|Cesarone be |317,306,618  |99.1157%|2,831,117 |0.8843% |320,137,735|75.49% |15,670    |
|   |elected as a|             |        |          |        |           |       |          |
|   |director    |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That James  |             |        |          |        |           |       |          |
|11.|Singleton be|317,052,397  |99.0363%|3,085,133 |0.9637% |320,137,530|75.49% |15,875    |
|   |elected as a|             |        |          |        |           |       |          |
|   |director.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That PwC be |             |        |          |        |           |       |          |
|12.|appointed as|319,908,405  |99.9338%|211,944   |0.0662% |320,120,349|75.48% |33,056    |
|   |auditor of  |             |        |          |        |           |       |          |
|   |the Company.|             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |audit       |             |        |          |        |           |       |          |
|   |committee be|             |        |          |        |           |       |          |
|   |authorised  |             |        |          |        |           |       |          |
|13.|to agree the|318,913,340  |99.6188%|1,220,387 |0.3812% |320,133,727|75.49% |19,678    |
|   |            |             |        |          |        |           |       |          |
|   |remuneration|             |        |          |        |           |       |          |
|   |of the      |             |        |          |        |           |       |          |
|   |auditor of  |             |        |          |        |           |       |          |
|   |the Company.|             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |directors   |             |        |          |        |           |       |          |
|   |are         |             |        |          |        |           |       |          |
|   |authorised  |             |        |          |        |           |       |          |
|   |to allot the|             |        |          |        |           |       |          |
|14.|shares under|302,350,517  |94.4454%|17,782,160|5.5546% |320,132,677|75.49% |20,728    |
|   |section 551 |             |        |          |        |           |       |          |
|   |(1) (a) and |             |        |          |        |           |       |          |
|   |(b) of the  |             |        |          |        |           |       |          |
|   |Companies   |             |        |          |        |           |       |          |
|   |Act 2006.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |            |Votes for    |        |          |        |Total no.  |% of   |          |
|   |SPECIAL     |(including   |% Votes |Votes     |% Votes |of votes   |Issued |Votes     |
|   |RESOLUTIONS |discretionary|for *   |against   |against |validly    |Share  |          |
|   |            |votes)       |        |          |        |cast       |Capital|withheld**|
|   |            |             |        |          |        |           |voted  |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |directors be|             |        |          |        |           |       |          |
|   |empowered to|             |        |          |        |           |       |          |
|   |disapply the|             |        |          |        |           |       |          |
|15.|provisions  |302,249,525  |94.4284%|17,833,852|5.5716% |320,083,377|75.47% |70,028    |
|   |of section  |             |        |          |        |           |       |          |
|   |561 (1) to  |             |        |          |        |           |       |          |
|   |(6) of the  |             |        |          |        |           |       |          |
|   |Companies   |             |        |          |        |           |       |          |
|   |Act 2006.   |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |directors be|             |        |          |        |           |       |          |
|   |empowered to|             |        |          |        |           |       |          |
|16.|issue shares|290,005,323  |90.6705%|29,839,957|9.3295% |319,845,280|75.42% |308,125   |
|   |on a non    |             |        |          |        |           |       |          |
|   |pre-emptive |             |        |          |        |           |       |          |
|   |basis.      |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That the    |             |        |          |        |           |       |          |
|   |directors be|             |        |          |        |           |       |          |
|   |authorised  |             |        |          |        |           |       |          |
|   |to make     |             |        |          |        |           |       |          |
|   |market      |             |        |          |        |           |       |          |
|   |purchases of|             |        |          |        |           |       |          |
|17.|the         |310,926,075  |97.1306%|9,185,209 |2.8694% |320,111,284|75.48% |42,121    |
|   |Company's   |             |        |          |        |           |       |          |
|   |shares under|             |        |          |        |           |       |          |
|   |section 701 |             |        |          |        |           |       |          |
|   |of the      |             |        |          |        |           |       |          |
|   |Companies   |             |        |          |        |           |       |          |
|   |Act.        |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|   |That a      |             |        |          |        |           |       |          |
|   |general     |             |        |          |        |           |       |          |
|   |meeting     |             |        |          |        |           |       |          |
|   |other than  |             |        |          |        |           |       |          |
|   |an annual   |             |        |          |        |           |       |          |
|18.|general     |304,780,593  |95.2020%|15,360,254|4.7980% |320,140,847|75.49% |12,558    |
|   |meeting may |             |        |          |        |           |       |          |
|   |be called on|             |        |          |        |           |       |          |
|   |not less    |             |        |          |        |           |       |          |
|   |than 14     |             |        |          |        |           |       |          |
|   |clear days' |             |        |          |        |           |       |          |
|   |notice.     |             |        |          |        |           |       |          |
|___|____________|_____________|________|__________|________|___________|_______|__________|
|*  |Includes discretionary votes                                                          |
|___|______________________________________________________________________________________|
|** |A vote withheld is not a vote in law and is not counted in the calculation of the     |
|   |proportion of votes "for" and "against" a resolution.                                 |
|___|______________________________________________________________________________________|

 

 

The Ashtead Board is pleased to note that all resolutions were passed with the requisite majority of votes and welcomes the overwhelming support of the Company's shareholders for the majority of the resolutions proposed.

 

 

 

Contact:

 

Ashtead Group plc

Will Shaw (Investment Manager) - 020 7726 9700

 

H/Advisors Maitland                                          

Sam Cartwright - 020 7379 5151