REG - Renew Holdings PLC - Director/PDMR Shareholding

Renew HoldingsAnnouncement

21/02/2020 07:00

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RNS Number : 7220D  Renew Holdings PLC  21 February 2020

 

Renew Holdings plc

("Renew" or the "Group")

 

Director/PDMR shareholding

 

Renew (AIM: RNWH), the Engineering Services Group supporting UK
infrastructure, announces that a total of 299,570 options ("LTIP Options")
have been granted on 20 February 2020 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)                 118,269
 A Liebenberg (Executive Director)         84,907
 S Wyndham-Quin (Chief Financial Officer)  88,702

 

The LTIP Options are exercisable at an exercise price of 10p per ordinary
share from 21 February 2023 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 2019. The LTIP Options must be
exercised before 21 February 2030.

 

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 2019 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 78,555,054 and
following the above LTIP award there is a total of 864,696 outstanding none of
which have yet vested.

 

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

 Walbrook PR    Tel: 020 7933 8780 or renew@walbrookpr.com
 Paul McManus                    Mob: 07980 541 893
 Lianne Cawthorne                Mob: 07584 391 303
 Nick Rome                       Mob: 07748 325 236

About Renew Holdings plc

 

Engineering Services, which accounts for over 90% of Group revenue and over
95% of operating profit, focuses on the key markets of 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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