Director/PDMR Shareholding - Exercise of LTIPS

RNS Number : 3999B

Renew Holdings PLC

09 January 2018

 

Renew Holdings plc

("Renew" or the "Company")

Director/PDMR Shareholding - Exercise of LTIPS

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 107,136 options ("LTIP options") to acquire ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan have been exercised on 8 January 2018. On 9 January 2018, Paul Scott and Andries Liebenberg, directors, sold 18,081 and 13,614 of these shares respectively at an average price of £4.44 per share. Mr Scott's shareholding has increased to 22,000 shares representing 0. 04% of the issued share capital and Mr Liebenberg's has increased to 12,000 shares representing 0.02 % of the issued share capital.

Following this exercise, there are a further 530,800 options outstanding under the Company's Long Term Incentive Plan all of which are subject to performance criteria and none of which have yet vested.  

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Scott
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Exercise of nominal-cost and approved options to acquire ordinary shares of 10p each under the Company's Long Term Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nominal cost	24,592
			£2.86	10,489
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	8 January 2018
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Scott
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Sale of ordinary shares of 10p each
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP 444	18,081
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	9 January 2018
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andries Petrus Liebenberg
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Exercise of nominal-cost and approved options to acquire ordinary shares of 10p each under the Company's Long Term Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nominal cost	15,125
			£2.86	10,489
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	8 January 2018
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andries Petrus Liebenberg
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Sale of ordinary shares of 10p each
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP 444	13,614
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	9 January 2018
f)	Place of the transaction	XLON

Enquiries:

Renew Holdings plc	Tel: [phone]
Paul Scott, Chief Executive Sean Wyndham-Quin, Group Finance Director
Numis Securities Limited	Tel: [phone]
Stuart Skinner/ Kevin Cruickshank (Nominated Adviser)
Michael Burke (Corporate Broker)
Walbrook PR		Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Nick Rome Lianne Cawthorne	Mob: [phone] Mob: [phone]

About Renew Holdings plc

Engineering Services, which accounts for over 80% of Group revenue and 90% of operating profit, focuses on the key markets of Energy (including Nuclear), Environmental and Infrastructure, which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.

Specialist Building focuses on the High Quality Residential market in London and the Home Counties.

For more information please visit the Renew Holdings plc website: www.renewholdings.com

 

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