Director/PDMR Shareholding

RNS Number : 2977Q

Renew Holdings PLC

28 November 2016

 

Renew Holdings plc

("Renew" or the "Company")

Director/PDMR shareholding

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 243,100 options ("LTIP options") have been granted on 24 November 2016 to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan adopted on 25 January 2012 as amended by certain rule changes approved at the Annual General Meeting held on 27 January 2016. The grant comprises the following allocation to directors of Renew:

P Scott (Chief Executive)	91,400
J Samuel (Group Finance Director)	84,000
A Liebenberg (Executive Director)	67,700

The LTIP options are exercisable at an exercise price of 10p per ordinary share from 25 November 2019 but are only exercisable to the extent that certain performance criteria are achieved by the Company over a three year performance period commencing 1 October 2016. The options must be exercised before 24 November 2026.

A summary of the performance criteria is set out in the Directors' Remuneration Report in the Annual Report and Accounts for the year ended 30 September 2016 which will be available on the company's website and from the registered office shortly.

The total number of ordinary shares of 10p each in issue is 62,317,948 and following the above LTIP award there is a total of 993,300 options outstanding none of which have yet vested.

Enquiries:

Renew Holdings plc	Tel: [phone]
Paul Scott, Chief Executive
John Samuel, 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	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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