London Stock Exchange welcomes Ashtead Technology Holdings plc to AIM

London Stock Exchange today welcomes Ashtead Technology Holdings plc, a leading subsea equipment rental and solutions provider for the global offshore energy sector, onto the Alternative Investment Market (AIM) of London Stock Exchange.

Ashtead Technology's specialist equipment, advanced-technologies and support services enable its customers to understand the subsea environment and manage offshore energy production infrastructure.

In the fast-growing offshore wind sector, Ashtead Technology's specialist equipment and services are essential through the project development, construction and installation phase. Once wind farms are operational, Ashtead Technology supports customers with inspection, maintenance and repair ("IMR"). In the more mature oil and gas sector, Ashtead Technology's focus is on IMR and decommissioning.

The placing raised £15.5 million and valued the Company at £128m upon admission. Numis acted as Nominated Adviser and sole broker in relation to the proposed placing and Admission, with MHP Communications advising on financial PR.

Quick facts

Track
Market: AIM
Instrument market cap (£m)
126.93
Listing/Admission to trading
23 Nov 2021
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