26 August 2025
Ashtead Technology Holdings plc
("Ashtead Technology", the "Company" or the "Group")
Update on Move to the Main Market
Ashtead Technology Holdings plc (AIM: AT.), a leading provider of subsea technology solutions to the global offshore energy sector, today provides an update on its proposed move to the Main Market.
Move to the Main Market
Further to the announcements of 25 March 2025, 22 May 2025 and 17 July 2025, the Board confirms the Company's intention to apply for admission of its entire issued share capital of ordinary shares of 5 pence each (the "Ordinary Shares") to the Equity Shares (Commercial Companies) category of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the Main Market of London Stock Exchange plc (the "London Stock Exchange") ("Admission").
The Company expects that (i) Admission will take place at 8.00 a.m. on 6 October 2025; and (ii) the Ordinary Shares will be cancelled from trading on AIM at 8.00 a.m. on 6 October 2025. The last day of trading in the Ordinary Shares on AIM is therefore expected to be 3 October 2025. Admission will be effected through an introduction of the Company's existing Ordinary Shares at which time the Company's admission to AIM is expected to be cancelled. Accordingly, the Company hereby gives notice of the intended cancellation of trading of its Ordinary Shares on AIM in accordance with Rule 41 of the AIM Rules for Companies.
Admission remains subject to a number of conditions, including the approval by the FCA of a prospectus and the Ordinary Shares being admitted by the FCA to the Official List and by the London Stock Exchange to trading on the Main Market. Admission is not conditional upon shareholder approval. Shareholders should note that the Company's Ordinary Shares will no longer be traded on AIM with effect from Admission and should consult their own professional advisers regarding the consequences of Admission.
-Ends
| For further information, please contact:
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| Ashtead Technology |
(Via DGA Group) |
| Allan Pirie, Chief Executive Officer |
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| Ingrid Stewart, Chief Financial Officer |
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| Colin Ross, Chief Strategy & Marketing Officer |
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| |
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| Deutsche Bank AG (Nomad and Joint Broker) |
Tel: +44 (0)20 7260 1000
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| Julian Cater |
|
| George Price |
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| Kevin Cruickshank (QE) |
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| |
|
| Peel Hunt (Joint Broker) |
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| Edward Allsopp |
Tel: +44 (0)20 7418 8900 |
| Charlotte Sutcliffe |
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| Tom Graham |
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| |
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| DGA Group (Financial PR) |
|
| Jonathon Brill |
Tel: +44 (0)7566 794 033 |
| James Styles |
ashteadtechnology@dgagroup.com |
| Fern Duncan |
|
Notes to editors:
Ashtead Technology is a leading subsea technology solutions provider to the global offshore energy sector. Ashtead Technology's specialist equipment, advanced-technologies and support services enable its customers to address the complex challenges of constructing, developing, inspecting, maintaining, repairing and decommissioning critical offshore energy infrastructure.
With a diverse portfolio and flexible delivery model, around 85% of Ashtead Technology's equipment fleet of over 30,000 assets are applicable across the lifecycle of both offshore oil and gas infrastructure and offshore renewables.
Headquartered in the UK, Ashtead Technology operates globally, servicing customers from its facilities located in key offshore energy hubs. To learn more, please visit www.ashtead-technology.com
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