REG - Renew Holdings PLC - Director/PDMR Shareholding

Renew HoldingsAnnouncement

21/12/2022 07:00

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RNS Number : 3644K  Renew Holdings PLC  21 December 2022

21 December 2022

 

Renew Holdings plc

 

("Renew" or the "Group")

 

Director/PDMR Shareholding

 

 

Renew (AIM: RNWH), the leading Engineering Services Group supporting the
maintenance and renewal of critical UK infrastructure, announces that a total
of 232,092 options ("LTIP Options") have been granted on 20 December 2022 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
includes the following allocation to executive directors of Renew:

 

 P Scott (Chief Executive)                 83,696
 A Liebenberg (Executive Director)         60,870
 S Wyndham-Quin (Chief Financial Officer)  64,130

 

The LTIP Options are exercisable at an exercise price of 10p per ordinary
share from 21 December 2025 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 2022. The LTIP Options must be
exercised before 21 December 2032.

 

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 total number of ordinary shares of 10p each in issue is 78,862,743 and
following the above LTIP award there is a total of 941,173 outstanding none
of which have yet vested.

 

For further information, please contact:

 

 Renew Holdings plc                                               www.renewholdings.com (http://www.renewholdings.com)

 Paul Scott, Chief Executive Officer                              via FTI Consulting

 Sean Wyndham-Quin, Chief Financial Officer                       020 3727 1000

 Numis Securities Limited (Nominated Adviser & Joint Broker)      020 7260 1000

 Stuart Skinner/ Kevin Cruickshank

 Peel Hunt LLP (Joint Broker)

 Mike Burke / Harry Nicholas / Charles Batten                     020 7418 8900

 FTI Consulting (Financial PR)                                    020 3727 1000

 Alex Beagley / Sam Macpherson / Rafaella de Freitas              Renew@fticonsulting.com (mailto: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 into two business streams: Engineering
Services, which accounts for over 95 per cent of the Group's adjusted
operating profit, focuses on the key markets of Rail, 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, Landmark and
Science markets in London and the Home Counties.

 

For more information please visit the Renew Holdings plc website:
www.renewholdings.com (http://www.renewholdings.com)

 

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