Director/PDMR Shareholding

RNS Number : 7089I

Renew Holdings PLC

27 March 2015

 

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 400,000 options ("LTIP options") to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan adopted on 25 January 2012 have been exercised on 25 March 2015.

In order to meet income tax and national insurance obligations arising from the exercise, Brian May has sold 150,000 and John Samuel has sold 100,000 of these shares at an average price of 271.72p per share. Brian May has retained 90,000 new shares and now holds 584,193 shares representing 0.94% of the issued share capital and Mr Samuel has retained 60,000 new shares and now holds 300,548 shares representing 0.49% of the issued share capital.

The Company has issued new shares to satisfy these LTIP options bringing the total number of ordinary shares of 10p each of the Company in issue to 61,917,948, an increase of 0.65%.

Following this exercise, there are a further 988,121 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.

Enquiries:

Renew Holdings plc	Tel: [phone]
Brian May, Chief Executive
John Samuel, Group Finance Director
Numis Securities Limited	Tel: [phone]
Stuart Skinner (Nominated Adviser)
James Serjeant (Corporate Broker)
Walbrook PR	Tel: [phone]
Paul McManus (Media Relations)	Mob: [phone] or [e-mail]
Lianne Cawthorne (Media Relations)	Mob: [phone] or [e-mail]

About Renew Holdings plc

Engineering Services, which accounts for over 80% of Group revenue and 85% 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 Buildingfocuses 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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