Sector Reclassification

RNS Number : 8025M

Renew Holdings PLC

21 September 2012

 



Renew Holdings plc

("Renew" or the "Company")

Sector Reclassification

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that the Company will be reclassified as 2791 Business Support Services from 2357 Heavy Construction, within the Industry Classification Benchmark categories of the London Stock Exchange.

The reclassification reflects the successful repositioning over the last two years of Renew's business which is focused on the provision of engineering services to key clients which provide and operate the UK's infrastructure network in the Energy, Environmental and Infrastructure markets.

The reclassification will take effect on Monday 24 September 2012.

Enquiries:

Renew Holdings plc	Tel: [phone]
Brian May, Chief Executive
John Samuel, Group Finance Director
N+1 Brewin	Tel: [phone]
Sandy Fraser / Richard Lindley
Walbrook PR	Tel: [phone]
Paul McManus (Media Relations)	Mob: [phone] or [e-mail]
Paul Cornelius (Investor Relations)	Mob: [phone] or [e-mail]

About Renew Holdings plc

Engineering Services, which now accounts for nearly 60% of Group revenue and over 80% 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 New Build Social Housing, High Quality Residential and Retail markets in the South of England.

The Group has 75 framework agreements; 62 of these are in Engineering Services with 43 of those being non-discretionary in nature.

For more information please visit the Renew Holdings plc website: www.renewholdings.com

 

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