Framework award

RNS Number : 9820Q

Renew Holdings PLC

13 November 2012

 



Renew Holdings plc

("Renew" or the "Group")

Framework award

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces a major framework award at the Sellafield site.

This morning, Sellafield Limited announced the selection of Renew's subsidiary, Shepley Engineers Limited, as one of three preferred strategic partners to deliver work packages worth a potential £280 million over four years at the nuclear complex in Cumbria.   

The Multi Discipline Site Works (MDSW) framework updates an existing arrangement governing how a range of maintenance tasks, asset care projects and asset restoration projects are delivered across the Sellafield portfolio. The framework covers a number of activities that support operations and project activities under the three main disciplines of civil, electrical and mechanical with associated task delivery services. The updated framework takes effect from April 2013.

Renew's annual results will be announced on Tuesday 27 November 2012.

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]
Paul Cornelius (Investor Relations)	Mob: [phone] or [e-mail]

About Renew Holdings plc

Engineering Services, which now accounts for over 60% of Group revenue and 80% 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 New Build Affordable Housing, High Quality Residential and Retail markets in the South of England.

The Group has 75 framework agreements; 62 of these are in Engineering Services with 43 of those being non-discretionary in nature.

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

 

END

 

 

MSCFFFSUDFESEIF