REG - Renew Holdings PLC - Issue of Equity & Director Dealing
10/03/2023 07:00
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RNS Number : 5084S Renew Holdings PLC 10 March 2023
10 March 2023
Renew Holdings plc
("Renew" or the "Group")
Issue of Equity & Director Dealing
Renew (AIM: RNWH), the Engineering Services Group supporting UK
infrastructure, announces that a total of 265,096 ordinary shares of 10p each
in the Company ("Ordinary Shares") have been issued and allotted to satisfy
the Company's obligations under the Long-Term Incentive Plan ("LTIP") on 9
March 2023.
Paul Scott, Chief Executive was issued 104,659 Ordinary Shares, Sean
Wyndham-Quin, Chief Financial Officer was issued 78,494 Ordinary Shares and
Andries Liebenberg, Executive Director was issued 75,136 Ordinary Shares. On
the same day, Paul Scott and Sean Wyndham-Quin sold 49,190 and 36,892 of
these shares respectively at an average price of 680p per share to satisfy
income tax and national insurance liabilities. Following the share issue and
sale set out above, Mr Scott's shareholding has increased to 232,932 Ordinary
Shares representing 0.29% of the issued share capital and Mr Wyndham-Quin's
shareholding has increased to 132,532 Ordinary Shares representing 0.17% of
the issued share capital.
Andries Liebenberg sold 75,136 Ordinary Shares at an average price of 680p per
share. Following this share issue and sale, Mr Liebenberg's shareholding
remains unchanged at 49,481 Ordinary Shares representing 0.06% of the issued
share capital.
Application has been made to the London Stock Exchange for the admission of
265,096 new Ordinary Shares to trading on AIM. Admission is expected to take
place at 8.00am on 15 March 2023. The Company's total issued share capital
immediately following admission will consist of 79,133,889 Ordinary Shares
with one voting right per share. The above figure of 79,133,889 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 exercise and grant set out above, there are a further 641,603
options outstanding under the Company's LTIP, 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 / 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 104,659
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 March 2023
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 Sale of ordinary shares of 10p each
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 49,190
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 March 2023
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 78,494
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 March 2023
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 Sale of ordinary shares of 10p each
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 36,892
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 March 2023
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 75,136
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 March 2023
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 Sale of ordinary shares of 10p each
c) Price(s) and volume(s)
Price(s) Volume(s)
Nominal cost 75,136
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 March 2023
f) Place of the transaction XLON
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 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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