Director/PDMR Shareholding

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


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END
 
 
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