Director/PDMR Shareholding

RNS Number : 7220D

Renew Holdings PLC

21 February 2020

 

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 299,570 options ("LTIP Options") have been granted on 20 February 2020 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)	118,269
A Liebenberg (Executive Director)	84,907
S Wyndham-Quin (Chief Financial Officer)	88,702

The LTIP Options are exercisable at an exercise price of 10p per ordinary share from 21 February 2023 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 2019. The LTIP Options must be exercised before 21 February 2030.

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 2019 which is available on the Company's website and from the registered office.

 The total number of ordinary shares of 10p each in issue is 78,555,054 and following the above LTIP award there is a total of 864,696 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
Walbrook PR	Tel: [phone] or [e-mail]
Paul McManus		Mob: [phone]
Lianne Cawthorne		Mob: [phone]
Nick Rome		Mob: [phone]

About Renew Holdings plc

Engineering Services , which accounts for over 90% of Group revenue and over 95% of operating profit, focuses on the key markets of Infrastructure, Energy (including Nuclear) and Environmental, 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 and Science markets in London and the Home Counties.

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

 

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