REG - Renew Holdings PLC - Issue of Equity & Exercise of LTIPS
Renew Holdings plc
("Renew" or the "Company")
Issue of Equity & Exercise of LTIPS
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 61,717 options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares") pursuant to the Company's Long-Term Incentive Plan were exercised on 5 February 2019. On 6 February 2019, Paul Scott and Andries Liebenberg, sold 14,870 and 12,740 of these shares respectively at an average price of £3.69 per share.
Following the exercise and sale set out above, Mr Scott's shareholding has increased to 47,412 shares representing 0.06% of the issued share capital and Mr Liebenberg's has increased to 33,371 shares representing 0.04% of the issued share capital.
Following this exercise, there are a further 724,226 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.
Application has been made to the London Stock Exchange for the admission of the new Ordinary Shares to trading on AIM. Admission is expected to take place at 8.00am on 11 February 2019 and dealings in the Placing Shares will commence at that time. The Company's total issued share capital immediately following Admission will consist of 75,329,224 Ordinary Shares with one voting right per share. The above figure of 75,329,224 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.
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.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nominal cost
33,240
d)
Aggregated information
Single transaction
- Aggregated volume
- Price
e)
Date of the transaction
5 February 2019
f)
Place of the transaction
Off market
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)
GBP 369
14870
d)
Aggregated information
Single transaction
- Aggregated volume
- Price
e)
Date of the transaction
6 February 2019
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.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nominal cost
28,477
d)
Aggregated information
Single transaction
- Aggregated volume
- Price
e)
Date of the transaction
5 February 2019
f)
Place of the transaction
Off market
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)
GBP 369
12740
d)
Aggregated information
Single transaction
- Aggregated volume
- Price
e)
Date of the transaction
6 February 2019
f)
Place of the transaction
XLON
Enquiries:
Renew Holdings plc
Tel: 0113 281 4200
Paul Scott, CEO
Sean Wyndham-Quin, CFO
Numis Securities Limited
Tel: 020 7260 1000
Stuart Skinner/ Kevin Cruickshank (Nominated Adviser)
Michael Burke (Corporate Broker)
Walbrook PR
Tel: 020 7933 8780 or renew@walbrookpr.com
Paul McManus
Mob: 07980 541 893
Nick Rome
Mob: 07748 325 236
Lianne Cawthorne
Mob: 07584 391 303
About Renew Holdings plc
Engineering Services, which accounts for over 85% of Group revenue and 95% of operating profit, focuses on the key markets of Energy (including Nuclear), Environmental and Infrastructure, 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 market in London and the Home Counties.
For more information please visit the Renew Holdings plc website: www.renewholdings.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDIOELLFFTFIIRIIA
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