REG - Renew Holdings PLC - Issue of Equity & Director Dealing
16/12/2021 07:00
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RNS Number : 8056V Renew Holdings PLC 16 December 2021
16 December 2021
Renew Holdings plc
("Renew" or the "Group" or the "Company")
Issue of Equity & Director Dealing
Renew (AIM: RNWH), the Engineering Services Group supporting UK
infrastructure, announces that a total of 181,409 ordinary shares of 10p each
in the Company ("Ordinary Shares") have been issued and allotted on the 15
December 2021 to satisfy the Company's obligations under the 2018 Long-Term
Incentive Plan ("LTIP") and the 2021 Executive Incentive Scheme ("EIS"). These
shares have been issued net of any income tax and national insurance charges
which will be settled through the Company's payroll.
Paul Scott, Chief Executive was issued 73,478 Ordinary Shares, Sean
Wyndham-Quin, Chief Financial Officer was issued 55,154 Ordinary Shares and
Andries Liebenberg, Executive Director was issued 52,777 Ordinary Shares.
Application has been made to the London Stock Exchange for the admission of
181,409 new Ordinary Shares that were exercised under the LTIP to trading on
AIM. Admission is expected to take place at 8.00am on 21 December 2021 and
dealings in the placing shares will commence at that time. The Company's total
issued share capital immediately following admission will consist of
78,862,743 Ordinary Shares with one voting right per share. The above figure
of 78,862,743 Ordinary Shares may be used by shareholders as the denominator
for the calculations by which they can determine if they are required to
notify their interest in, or a change to their interest in, the Company
following admission.
Following the share issue set out above, Mr Scott's shareholding has increased
to 175,043 shares representing 0.22% of the issued share capital, My
Wyndham-Quin's shareholding has increased to 89,063 representing 0.11% of the
issued share capital and Mr Liebenberg's shareholding has increased to 127,718
shares representing 0.16% of the issued share capital.
At the same time a total of 167,350 options ("LTIP Options") were granted 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) 59,535
S Wyndham Quin (Chief Financial Officer) 45,556
A Liebenberg (Executive Director) 43,278
The LTIP Options are exercisable at an exercise price of 10p per ordinary
share from 16 December 2024 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 2021. The LTIP Options must be
exercised before 16 December 2031.
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 2021 which will shortly be available on the Company's website and
from the registered office.
Following the exercise and grant set out above, there are a further 709,081
options outstanding under the Company's Long-Term Incentive Plan all of which
are subject to performance criteria and 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 & 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 / Tom Hufton / Sam Macpherson / Rafaella de Freitas Renew@fticonsulting.com (mailto:Renew@fticonsulting.com)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Paul Scott
2 Reason for the notification
a) Position/status Chief Executive
b) Initial notification /Amendment Initial Notification
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 10p each.
Identification code GB0005359004
b) Nature of the transaction Exercise of nominal-cost options to acquire ordinary shares of 10p each under
the Company's Long-Term Incentive Plan and issue of ordinary shares of 10p
each under the Company's Executive Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 73,478
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Sean Wyndham-Quin
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial Notification
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 10p each.
Identification code GB0005359004
b) Nature of the transaction Exercise of nominal-cost options to acquire ordinary shares of 10p each under
the Company's Long-Term Incentive Plan and issue of ordinary shares of 10p
each under the Company's Executive Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 55,154
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andries Petrus Liebenberg
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial Notification
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 10p each.
Identification code GB0005359004
b) Nature of the transaction Exercise of nominal-cost options to acquire ordinary shares of 10p each under
the Company's Long-Term Incentive Plan and issue of ordinary shares of 10p
each under the Company's Executive Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 52,777
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Paul Scott
2 Reason for the notification
a) Position/status Chief Executive
b) Initial notification /Amendment Initial Notification
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 10p each.
Identification code GB0005359004
b) Nature of the transaction Grant to subscribe for ordinary shares of 10p each pursuant to the Company's
Long Term Incentive Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 59,535
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Sean Wyndham-Quin
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial Notification
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 10p each.
Identification code GB0005359004
b) Nature of the transaction Grant to subscribe for ordinary shares of 10p each pursuant to the Company's
Long Term Incentive Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 45,556
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andries Petrus Liebenberg
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial Notification
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 10p each.
Identification code GB0005359004
b) Nature of the transaction Grant to subscribe for ordinary shares of 10p each pursuant to the Company's
Long Term Incentive Plan under the Company's Executive Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 43,278
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
f) Place of the transaction XLON
About Renew Holdings plc
Renew Holdings Group plc 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 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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