REG - Renew Holdings PLC - Director/PDMR Shareholding

Renew HoldingsAnnouncement

08/12/2023 13:45

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RNS Number : 2232W  Renew Holdings PLC  08 December 2023

8 December 2023

 

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 203,573 options ("LTIP Options") have been granted on 7 December
2023 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)                 73,411
 A Liebenberg (Executive Director)         53,390
 S Wyndham-Quin (Chief Financial Officer)  56,250

 

The LTIP Options shall ordinarily vest and become exercisable at an exercise
price of 10p per ordinary share from 8 December 2026 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 2023.
The LTIP Options must be exercised before 8 December 2033. 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 79,133,889
and following the above LTIP award there is a total of 845,176 ordinary
shares outstanding under LTIP options none of which have yet vested.

 

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

                                                               020 7260 1000

 Deutsche Numis (Nominated Adviser and Joint Broker)
 Stuart Skinner / Kevin Cruickshank

 Peel Hunt LLP (Joint Broker)                                  020 7418 8900
 Mike Burke / Ed Allsopp

 FTI Consulting (Financial PR)                                 020 3727 1000
 Alex Beagley / Tom Hufton / Rafaella de Freitas / Amy Goldup  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/)

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.   A. Liebenberg

                                                                   3.   S. Wyndham-Quin
 2    Reason for the notification

 a)   Position/status                                              1.   Chief Executive Officer

                                                                   2.   Executive Director

                                                                   3.   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.   73,411

                                                                                       2.   Nil            2.   53,390

                                                                                       3.   Nil            3.   56,250

 d)   Aggregated information

      - Aggregated volume                                          183,051

      - Price                                                      Nil

 e)   Date of the transaction                                      7 December 2023

 f)   Place of the transaction                                     Outside of a trading venue

 

 

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