Renew Holdings PLC Director/PDMR Shareholding (7554I)
December 15 2020 - 10:10AM
UK Regulatory
TIDMRNWH
RNS Number : 7554I
Renew Holdings PLC
15 December 2020
15 December 2020
Renew Holdings plc
("Renew" or the "Group")
Director/PDMR shareholding
Renew (AIM: RNWH), the leading Engineering Services Group
supporting UK infrastructure, announces that a total of 242,161
options ("LTIP Options") have been granted on 14 December 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) 89,785
A Liebenberg (Executive Director) 65,267
S Wyndham-Quin (Chief Financial
Officer) 68,702
The LTIP Options are exercisable at an exercise price of 10p per
ordinary share from 16 December 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
2020. The LTIP Options must be exercised before 16 December
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
78,681,334 and following the above LTIP award there is a total of
842,451 outstanding none of which have yet vested.
For further information, please contact:
Renew Holdings plc www.renewholdings.com
Paul Scott, Chief Executive Officer via FTI Consulting
Sean Wyndham-Quin, Chief Financial 020 3727 1000
Officer
Numis Securities Limited (Nominated
Adviser)
Stuart Skinner/ Kevin Cruickshank 020 7260 1000
FTI Consulting (Financial PR) 020 3727 1000
Alex Beagley / James Styles Renew@fticonsulting.com
About Renew Holdings plc
Renew Holdings Group plc is a leading UK Engineering Services
business, performing a critical role in keeping the nation's
infrastructure functioning efficiently and safely. The Group
operates through independently branded subsidiaries across its
chosen markets, delivering non-discretionary maintenance and
renewal tasks through its highly skilled, directly employed
workforce.
Renew's activities are focused into two business streams:
Specialist Engineering, which accounts for over 90 per cent of the
Group's adjusted operating profit, focuses on the key markets of
Rail, 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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