Feb 11 (Reuters) - British equipment rental firm Ashtead

Group ( ASHTF ) said on Tuesday that it would seek shareholder

approval to move ahead with its plan to relocate its primary

listing to the United States and form a new U.S. parent company.

The London-based company plans to hold an extraordinary

general meeting in June, where it will need the support of at

least 75% of voting shareholders to proceed.

If approved, the new listing is expected to commence in the

first quarter of 2026, with Sunbelt Rentals Holdings set to

become the new parent company.

Ashtead, the second-largest U.S. equipment rental firm, had

announced plans in December to list in New York, joining a

growing list of companies moving away from European listings in

favour of U.S. markets, where valuations could be higher.

"Since December, the Chair and the executive team have met

with a wide variety of shareholders who have understood the

rationale and been supportive of the proposed move," the company

said.

It would retain a secondary listing on the London Stock

Exchange, Ashtead added.