Director/PDMR Shareholding

RNS Number : 2126J

Renew Holdings PLC

03 December 2018

 

Renew Holdings plc

("Renew" or the "Group")

Director/PDMR shareholding 

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 319,126 options ("LTIP options") have been granted on 3 December 2018 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 executive directors of Renew:

P Scott (Chief Executive)	129,310
A Liebenberg (Executive Director)	92,833
S Wyndham-Quin (Chief Financial Officer)	96,983

The LTIP options are exercisable at an exercise price of 10p per ordinary share from 4 December 2021 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 2018. The options must be exercised before 4 December 2028.

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 2018 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 75,267,507 and following the above LTIP award there is a total of 849,926 outstanding none of which have yet vested. 

Enquiries:

Renew Holdings plc		Tel: [phone]
Paul Scott, CEO
Sean Wyndham-Quin, CFO
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]
Lianne Cawthorne		Mob: [phone]

About Renew Holdings plc

Engineering Services, which accounts for over 80% of Group revenue and 95% 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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