Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
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  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Renew Holdings PLC (RNWH)

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Monday 12 August, 2013

Renew Holdings PLC

Acquisition of Lewis Civil Engineering Limited

RNS Number : 4272L
Renew Holdings PLC
12 August 2013
 



12 August 2013

 

Renew Holdings plc

("Renew" or the "Group")

 

Acquisition of Lewis Civil Engineering Limited

 

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, is pleased to announce the acquisition of the entire issued share capital of Lewis Civil Engineering Limited ("Lewis") for a cash consideration of £7.9 million. The consideration includes £0.6m in respect of two freehold properties used by Lewis. The acquisition has been funded from the Group's cash resources and overdraft facilities provided by HSBC Bank plc. Lewis had a net cash position of £0.6m at the point of acquisition.

 

Lewis, which is based near Cardiff, was founded in 1984 and specialises in the construction and maintenance of infrastructure and assets within the water industry. It is a well respected brand in its region and market with clients including Wessex Water and Dwr Cymru Welsh Water. It provides its services through framework agreements and employs approximately 175 highly skilled personnel.

 

In the year ended 31 July 2012, Lewis reported an operating profit of £1.0m on turnover of £20.4m. For the year ended 31 July 2013, Lewis is expected to record an increase in turnover of approximately 20% and to maintain its operating profit margin percentage. Lewis's financial performance is both cash generative and accretive to Renew's Engineering Services operating margin.

 

Lewis was 80% owned by Mrs J Lewis, who has resigned from the Board at completion of the transaction. David Boden, Managing Director of Lewis, who owned the remaining 20%, continues in that position following the acquisition, having entered into a new two year service contract, and will report to Renew's Engineering Services Director, Paul Scott.

 

Roy Harrison OBE, Chairman of Renew, commented: "Renew's presence in the Environmental market will be significantly strengthened by the acquisition of Lewis. This acquisition accords with the Group's clear strategy of growing its Engineering Services business in sustainable markets, where it can secure strong framework positions with major clients focusing on areas of non-discretionary spend."

 

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

Paul McManus (Media Relations)

Mob: 07980 541 893 or [email protected]

Paul Cornelius (Investor Relations)

Mob: 07827 879 496 or [email protected]

 



 

About Renew Holdings plc

 

Engineering Services, which now accounts for over 70% of Group revenue and 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 the New Build Affordable Housing and High Quality Residential markets in the South of England.

 

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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