Renew Holdings
plc
("Renew", the "Company" or
the "Group")
Director
Dealing
Renew (AIM: RNWH), the leading
Engineering Services Group supporting the maintenance and renewal
of critical UK infrastructure, announces that a total of 166,528
options ("LTIP Options") have been granted today to subscribe for
ordinary shares of 10p each pursuant to the Company's Long Term
Incentive Plan.
The grant includes the following
allocation to executive directors of Renew:
|
P Scott (Chief Executive
Officer)
|
74,771
|
|
S Wyndham-Quin (Chief Financial
Officer)
|
54,281
|
The LTIP Options shall ordinarily
vest and become exercisable at an exercise price of 10p per
ordinary share from 12 December 2027 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
2024. The LTIP Options must be exercised before 12 December 2034.
The LTIP Options will ordinarily be forfeit in the event of the
grantee's cessation of employment ahead of the time vesting
date.
A summary of the performance
criteria is set out in the Directors' Remuneration Report in the
Annual Report and Accounts which is available on the Company's
website and from the registered office.
The current total number of ordinary
shares of 10p each in issue is 79,138,195 and following the above
LTIP award there is a total of 780,889 ordinary shares outstanding
under LTIP options none of which have yet vested.
For further information, please
contact: For further information, please
contact:
|
Renew Holdings plc
|
www.renewholdings.com
|
|
Paul Scott, Chief Executive
Officer
|
via FTI Consulting
|
|
Sean Wyndham-Quin, Chief Financial
Officer
|
020 3727 1000
|
|
|
|
|
Deutsche Numis (Nominated Adviser and Joint
Broker)
|
020 7260 1000
|
|
Stuart Skinner / Kevin Cruickshank /
Will Wickham
|
|
|
|
|
|
Peel
Hunt LLP (Joint Broker)
|
020 7418 8900
|
|
Ed Allsopp / Pete Mackie / Charlotte
Sutcliffe
|
|
|
|
|
|
FTI
Consulting (Financial PR)
|
020 3727 1000
|
|
Alex Beagley / Tom Hufton / Amy
Goldup / Matthew Young
|
Renew@fticonsulting.com
|
About Renew Holdings plc
Renew is a leading UK Engineering
Services business, performing a critical role in keeping the
nation's infrastructure functioning efficiently and safely. The
Group operates through independently branded subsidiaries across
its chosen markets, delivering non-discretionary maintenance and
renewal tasks through its highly skilled, directly employed
workforce.
Renew's activities are focused on
Engineering Services in the key markets of Rail, Infrastructure,
Energy (including Wind and Nuclear) and Environmental which are
largely governed by regulation and benefit from non-discretionary
spend with long-term visibility of committed funding.
For more information please visit
the Renew Holdings plc website: www.renewholdings.com
The information set out below is
provided in accordance with the requirements of the UK Market Abuse
Regulation.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1.
P. Scott
2.
S. Wyndham-Quin
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1.
Chief Executive Officer
2.
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Announcement
|
|
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 10 pence each
|
|
|
|
|
Identification code
|
ISIN: GB0005359004
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of options under the Renew
Holdings plc Long Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
1. Nil
3. Nil
|
1. 74,771
3. 54,521
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
129,052
|
|
|
|
|
- Price
|
Nil
|
|
|
|
|
e)
|
Date of the transaction
|
11 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|