Sector Reclassification

RNS Number : 3032H

Renew Holdings PLC

18 June 2013

 



Renew Holdings plc

("Renew" or the "Group")

Sector Reclassification

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that it has today received confirmation from FTSE Client Services that the Group will be reclassified as 2791 Business Support Services from 2357 Heavy Construction, within the Industry Classification Benchmark categories of the London Stock Exchange.

The reclassification reflects the continued success of the Group's strategy of developing an Engineering Service business supporting sectors critical to UK Infrastructure.

The reclassification will take effect on 24 June 2013.

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 (including Rail), 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

 

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