Ashtead Group plc
3 September 2025
Share
buy-back
programme
Ashtead Group plc (the
Company
) announces that in continuation of its share buyback programme announced on 10 December 2024, it has entered into an arrangement with J.P. Morgan Securities plc (
JPMS
plc
). The
arrangement allows
JPMS
plc
to
purchase, together with
any
other ordinary
shares
in the Company (the
"
Shares
") purchased on
the Company's behalf pursuant to
this buyback
programme, up
to
(a)
in
accordance
with
the
terms
of
the
Company's
current
buyback
authority
granted
at
the
annual general meeting (
AGM
) by shareholder resolution dated 2 September 2025, 64,043,930 Shares up to and
including
the
date
of
the
next
AGM;
and
(b)
following
the
expiry
of
such
current
buyback
authority, the aggregate number of Shares authorised to be purchased by the Company under any subsequent buyback
authority
granted
during
the
arrangement (which
in
any
event shall be
less
than
14.99% of the relevant class of the Company's equity shares at the date of such authority).
These
share
purchases
will
be
made
by
JPMS
plc
acting
as
riskless
principal
and
in
accordance
with
the arrangement, and they shall be made independently of and uninfluenced by the Company.
Any
share
purchases
effected
pursuant
to
the
arrangement
will
be
subject
to
the
terms
of
the
arrangement with JPMS plc and in any case will be effected in a manner consistent with both the general authority vested
in
the Company
to
repurchase shares and the United Kingdom Listing Rules, which
require that the
maximum
price
paid
be
limited
to
be
no
more
than
the
lower
of
(i)
105
per
cent
of
the
average
middle market
closing
price
of
the
Company's
ordinary
shares
for
the
five
business
days
before
the
purchase
is made, and (ii) the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out.
Following
the
purchase
of
the
Shares,
they
will
be
placed
into
treasury.
The
sole
purpose
of
these
share purchases is to reduce the Company's share capital.
Further
enquiries:
Will Shaw Ashtead Group plc +44 (0)20 7726 9700
Sam Cartwright H/Advisors Maitland +44 (0)20 7379 5151
