Disposal

RNS Number : 6995N

Renew Holdings PLC

02 February 2016

 

Renew Holdings plc

("Renew" or the "Group")

Disposal

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, confirms that Places for People Group Limited completed the acquisition of Allenbuild Limited yesterday with the payment of the second 50% of consideration of £1.375m in cash. This follows on from the initial announcement of the disposal of the business for a total consideration of £2.75m made on 3 November 2014.

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] or [e-mail]
Paul McManus		Mob: [phone]
Lianne Cawthorne		Mob: [phone]

About Renew Holdings plc

Engineering Services, which accounts for 85% 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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