Disposal

RNS Number : 6995N
Renew Holdings PLC
02 February 2016
 

 

 

Renew Holdings plc

("Renew" or the "Group")

 

Disposal

 

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, confirms that Places for People Group Limited completed the acquisition of Allenbuild Limited yesterday with the payment of the second 50% of consideration of £1.375m in cash. This follows on from the initial announcement of the disposal of the business for a total consideration of £2.75m made on 3 November 2014.

 

 

Enquiries:

Renew Holdings plc

                      Tel: 0113 281 4200

Brian May, Chief Executive

 

John Samuel, Group Finance Director

 

 

 

Numis Securities Limited

                      Tel: 020 7260 1000

Stuart Skinner (Nominated Adviser)

 

James Serjeant (Corporate Broker)

 

 

 

Walbrook PR

                                       Tel: 020 7933 8780 or renew@walbrookpr.com

Paul McManus

Mob: 07980 541 893

Lianne Cawthorne

Mob: 07584 391 303

     

 

About Renew Holdings plc

 

Engineering Services, which accounts for 85% of Group revenue and 90% 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 company news service from the London Stock Exchange
 
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