Issue of Equity & Exercise of LTIPs

RNS Number : 9662B

Renew Holdings PLC

05 February 2020

 

Renew Holdings plc

("Renew" or the "Company")

Issue of Equity & Exercise of LTIPs

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 67,936 options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares") pursuant to the Company's Long-Term Incentive Plan ("LTIP") were exercised on 4 February 2020. On the same day, Paul Scott and Andries Liebenberg, sold 17,151 and 12,704 of these shares respectively at an average price of 510p per share to satisfy income tax and national insurance liabilities.

Following the exercise and sale set out above, Mr Scott's shareholding has increased to 74,739 shares representing 0.095% of the issued share capital and Mr Liebenberg's shareholding has increased to 55,025 shares representing 0.070 % of the issued share capital.

Following this exercise, there are a further 565,126 options outstanding under the Company's Long-Term Incentive Plan all of which are subject to performance criteria and none of which have yet vested.  

Application has been made to the London Stock Exchange for the admission of 67,936 new Ordinary Shares that were exercised under the LTIP to trading on AIM. Admission is expected to take place at 8.00am on 11 February 2020 and dealings in the placing shares will commence at that time. The Company's total issued share capital immediately following admission will consist of 78,555,054 Ordinary Shares with one voting right per share. The above figure of 78,555,054 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following admission.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Scott
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Exercise of nominal-cost options to acquire ordinary shares of 10p each under the Company's Long-Term Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nominal cost	39,028
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	4 February 2020
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Scott
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Sale of ordinary shares of 10p each
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP 510	17,151
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	4 February 2020
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andries Petrus Liebenberg
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Exercise of nominal-cost options to acquire ordinary shares of 10p each under the Company's Long-Term Incentive Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nominal cost	28,908
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	4 February 2020
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andries Petrus Liebenberg
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Renew Holdings plc
b)	LEI	213800O3DC3V4WYA2E09
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 10p each.
	Identification code	GB0005359004
b)	Nature of the transaction	Sale of ordinary shares of 10p each
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			GBP 510	12,704
d)	Aggregated information	Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	4 February 2020
f)	Place of the transaction	XLON

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

 

END

 

 

IOESSEFWLESSESE