Ashtead Group, parent company of Sunbelt Rentals, is shifting its primary stock listing from the U.K. to the U.S. and rebranding as Sunbelt Rentals Holdings.
Sunbelt Rentals, with its U.S. headquarters in Fort Mill, generates most of its revenue in North America. The move aligns with its growth strategy, and local stakeholders are monitoring developments. A shareholder circular with details is expected in May.
On December 10, 2024, Ashtead’s Board determined a U.S. primary listing with a secondary London listing best serves the company. Shareholders have largely supported the move.
The company will create a new U.S.-based parent entity, Sunbelt Rentals Holdings. Approval requires a shareholder vote at an extraordinary general meeting (EGM), expected in June 2025. If passed, the transition will be finalized in early 2026.
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