Ashtead Group Share Repurchase Program Continues
Ashtead Group, a UK-based industrial equipment rental company, has continued to purchase its own shares as part of a $1.5 billion share repurchase program. The company has acquired a substantial number of shares in the past week.
Key Details of Share Repurchase Program
- Total share repurchase program: $1.5 billion
- Recent share purchases: substantial number of shares acquired in the past week
CFO Transition
Michael Pratt, Chief Financial Officer of Ashtead Group, will step down on February 28. Alex Pease will take over as CFO on March 1. Pratt had announced his retirement in September 2024, and Pease has been working closely with him to ensure a smooth transition.
Key Details of CFO Transition
- Date of CFO transition: February 28 (Michael Pratt) and March 1 (Alex Pease)
- Reason for transition: Michael Pratt’s retirement, announced in September 2024
Listing on New York Stock Exchange
Ashtead Group is planning to seek shareholder approval to list on the New York Stock Exchange. An extraordinary general meeting is scheduled for June. If approved, the company will form a new US parent company and relocate its primary listing to the US.
Key Details of Listing on New York Stock Exchange
- Date of extraordinary general meeting: June
- Potential outcome: listing on New York Stock Exchange, formation of new US parent company, and relocation of primary listing to the US