REG - Renew Holdings PLC - Director Dealing

Renew HoldingsAnnouncement

11/12/2024 17:15

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RNS Number : 7524P  Renew Holdings PLC  11 December 2024

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 (http://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            1.   74,771

                                                                                       3.   Nil            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

 

 

 

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