RNWH Renew Holdings Plc

TIDMRNWH

RNS Number : 2563X

Renew Holdings PLC

22 November 2017

Renew Holdings plc

("Renew" or the "Company")

Director/PDMR shareholding

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 246,000 options ("LTIP options") have been granted on 22 November 2017 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)    99,000 
 A Liebenberg (Executive 
  Director)                   73,500 
 S Wyndham-Quin (Executive 
  Director)                   73,500 
 

The LTIP options are exercisable at an exercise price of 10p per ordinary share from 23 November 2020 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 2017. The options must be exercised before 22 November 2027.

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 2017 which will be available on the Company's website and from the registered office shortly.

The total number of ordinary shares of 10p each in issue is 62,591,451 and following the above LTIP award there is a total of 796,133 options outstanding none of which have yet vested.

Enquiries:

 
 Renew Holdings plc                                              Tel: 0113 281 4200 
 Paul Scott, Chief 
  Executive 
 
 Numis Securities Limited                                        Tel: 020 7260 1000 
 Stuart Skinner/ Kevin Cruickshank 
  (Nominated Adviser) 
 Michael Burke (Corporate 
  Broker) 
 
 Walbrook PR                             Tel: 020 7933 8780 or renew@walbrookpr.com 
 Paul McManus                                                    Mob: 07980 541 893 
 Nick Rome                                                       Mob: 07748 325 236 
 
 

About Renew Holdings plc

Engineering Services, which accounts for over 80% 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

This information is provided by RNS

The company news service from the London Stock Exchange

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