London Stock Exchange welcomes Ashtead Technology Holdings plc to the Main Market
The London Stock Exchange today welcomes Ashtead Technology Holdings plc, a leading provider of subsea technology solutions to the global offshore energy sector, to its Main Market.
Admission to the Main Market represents a significant milestone in the Ashtead Technology growth journey, having delivered strong, cash generative growth since its listing on Alternative Investment Market (AIM) in 2021.
In that time, the Company has tripled its revenue, delivered a significant increase in EPS growth, completed four strategic acquisitions and diversified its geographical footprint globally, deepening the Group’s position as a market leader in technologies that assist its customers with their critical subsea operations and energy projects worldwide.
Joining the Main Market provides a platform for Ashtead Technology to attract more international investors, unlock access to greater liquidity for the Company’s shares and elevate its brand with its global customer base, suppliers and partners.
“Our admission to the Main Market of the LSE represents a significant and historic moment in the Ashtead Technology growth journey. I would like to thank our dedicated team for their unwavering commitment and hard work in reaching this milestone, along with our shareholders, customers, partners and suppliers for their continued support.”
“With our size, scale and proven track record, and as we celebrate Ashtead Technology’s 40th anniversary, now is the right time to take the business forward and seize the attractive opportunities ahead. As a Board, we believe that listing on the Main Market will broaden access to a wider range of international investors, offer greater liquidity in the Group’s shares and provide the appropriate platform to execute on our strategy, delivering long-term growth and value creation for all stakeholders.”
Allan Pirie
CEO of Ashtead Technology
