TIDMRNWH

RNS Number : 7478I

Renew Holdings PLC

15 December 2020

15 December 2020

Renew Holdings plc

("Renew" or the "Group")

Issue of Equity & Exercise of LTIPs

Renew (AIM: RNWH), the leading Engineering Services Group supporting UK infrastructure, announces that a total of 126,280 options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares") pursuant to the Company's Long-Term Incentive Plan ("LTIP") were exercised on 14 December 2020. On the same day, Paul Scott, Sean Wyndham-Quin and Andries Liebenberg, sold 23,994, 17,814 and 17,814 of these shares respectively at an average price of 500p per share to satisfy income tax and national insurance liabilities.

Following the exercise and sale set out above, Mr Scott's shareholding has increased to 101,565 shares representing 0.129% of the issued share capital, Mr Wyndham-Quin's shareholding has increased to 33,909 representing 0.043% of the issued share capital and Mr Liebenberg's shareholding has increased to 74,941 shares representing 0.095 % of the issued share capital.

Following this exercise, there are a further 618,696 options outstanding under the Company's Long-Term Incentive Plan all of which are subject to performance criteria and none of which have yet vested.

Application will shortly be made to the London Stock Exchange for the admission of 126,280 new Ordinary Shares that were exercised under the LTIP to trading on AIM. Admission is expected to take place at 8.00am on 21 December 2020 and dealings in the placing shares will commence at that time. The Company's total issued share capital immediately following admission will consist of 78,681,334 Ordinary Shares with one voting right per share. The above figure of 78,681,334 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following admission .

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

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                               Paul Scott 
      ------------------------------------  ---------------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------ 
 a)    Position/status                       Chief Executive 
      ------------------------------------  ---------------------------------------------------------- 
 b)    Initial notification                  Initial Notification 
        /Amendment 
      ------------------------------------  ---------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------------ 
 a)    Name                                  Renew Holdings plc 
      ------------------------------------  ---------------------------------------------------------- 
 b)    LEI                                   213800O3DC3V4WYA2E09 
      ------------------------------------  ---------------------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------------------------ 
 a)    Description of the                    Ordinary shares of 10p each. 
        financial instrument, 
        type of instrument 
 
       Identification code                   GB0005359004 
 
 b)    Nature of the transaction                        Exercise of nominal-cost options to 
                                                         acquire ordinary shares of 10p each 
                                                         under the Company's Long-Term Incentive 
                                                         Plan. 
      ------------------------------------  ---------------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                             -------------------------------  ---------------------- 
                                              Price(s)                         Volume(s) 
                                             -------------------------------  ---------------------- 
    Nominal cost                                                               5 0,820 
   -------------------------------------------------------------------------  ---------------------- 
 
 d)    Aggregated information                Single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction               15 December 2020 
      ------------------------------------  ---------------------------------------------------------- 
 f)    Place of the transaction              XLON 
      ------------------------------------  ---------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Paul Scott 
      ---------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Executive 
      ---------------------------------------  ------------------------------------------ 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                     Renew Holdings plc 
      ---------------------------------------  ------------------------------------------ 
 b)    LEI                                      213800O3DC3V4WYA2E09 
      ---------------------------------------  ------------------------------------------ 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ----------------------------------------------------------------------------------- 
 a)    Description of the                       Ordinary shares of 10p each. 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB0005359004 
 
 b)    Nature of the transaction                Sale of ordinary shares of 10p each 
      ---------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                                -------------------  ------------------ 
                                                 Price(s)             Volume(s) 
                                                -------------------  ------------------ 
    GBP 500                                                           2 3,994 
   ----------------------------------------------------------------  ------------------ 
 
 d)    Aggregated information                   Single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  15 December 2020 
      ---------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                 XLON 
      ---------------------------------------  ------------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                               S ean Wyndham-Quin 
      ------------------------------------  ---------------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------ 
 a)    Position/status                       Chief Financial Officer 
      ------------------------------------  ---------------------------------------------------------- 
 b)    Initial notification                  Initial Notification 
        /Amendment 
      ------------------------------------  ---------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------------ 
 a)    Name                                  Renew Holdings plc 
      ------------------------------------  ---------------------------------------------------------- 
 b)    LEI                                   213800O3DC3V4WYA2E09 
      ------------------------------------  ---------------------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------------------------ 
 a)    Description of the                    Ordinary shares of 10p each. 
        financial instrument, 
        type of instrument 
 
       Identification code                   GB0005359004 
 
 b)    Nature of the transaction                        Exercise of nominal-cost options to 
                                                         acquire ordinary shares of 10p each 
                                                         under the Company's Long-Term Incentive 
                                                         Plan. 
      ------------------------------------  ---------------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                             -------------------------------  ---------------------- 
                                              Price(s)                         Volume(s) 
                                             -------------------------------  ---------------------- 
    Nominal cost                                                               37,730 
   -------------------------------------------------------------------------  ---------------------- 
 
 d)    Aggregated information                Single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction               15 December 2020 
      ------------------------------------  ---------------------------------------------------------- 
 f)    Place of the transaction              XLON 
      ------------------------------------  ---------------------------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
 a)    Name                                 Sean Wyndham-Quin 
      -----------------------------------  --------------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------- 
 a)    Position/status                      Chief Financial Officer 
      -----------------------------------  --------------------------------------------------------------- 
 b)    Initial notification                 Initial Notification 
        /Amendment 
      -----------------------------------  --------------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------------------------- 
 a)    Name                                 Renew Holdings plc 
      -----------------------------------  --------------------------------------------------------------- 
 b)    LEI                                  213800O3DC3V4WYA2E09 
      -----------------------------------  --------------------------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ---------------------------------------------------------------------------------------------------- 
 a)    Description of the                   Ordinary shares of 10p each. 
        financial instrument, 
        type of instrument 
 
       Identification code                  GB0005359004 
 
 b)    Nature of the transaction            Sale of ordinary shares of 10p each 
      -----------------------------------  --------------------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            ---------------  ---------- 
                                             Price(s)         Volume(s) 
                                            ---------------  ---------- 
                                        GBP 500               17,814 
                                       ---------------       ---------- 
 
 d)    Aggregated information               Single transaction 
 
       - Aggregated volume 
 
       - Price 
 
 e)    Date of the transaction              15 December 2020 
      -----------------------------------  --------------------------------------------------------------- 
 f)    Place of the transaction             XLON 
      -----------------------------------  --------------------------------------------------------------- 
 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
       ----------------------------------------------------------------------------------------------------- 
 a)     Name                                 Andries Petrus Liebenberg 
       -----------------------------------  ---------------------------------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------------------------------- 
 a)     Position/status                      Director 
       -----------------------------------  ---------------------------------------------------------------- 
 b)     Initial notification                 Initial Notification 
         /Amendment 
       -----------------------------------  ---------------------------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------------------------------------- 
 a)     Name                                 Renew Holdings plc 
       -----------------------------------  ---------------------------------------------------------------- 
 b)     LEI                                  213800O3DC3V4WYA2E09 
       -----------------------------------  ---------------------------------------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; and (iv) each place where transactions 
         have been conducted 
       ----------------------------------------------------------------------------------------------------- 
 a)     Description of the                   Ordinary shares of 10p each. 
         financial instrument, 
         type of instrument 
 
        Identification code                  GB0005359004 
 
 b)     Nature of the transaction            Exercise of nominal-cost options to 
                                              acquire ordinary shares of 10p each 
                                              under the Company's Long-Term Incentive 
                                              Plan. 
       -----------------------------------  ---------------------------------------------------------------- 
 c)     Price(s) and volume(s) 
                                             --------------  ---------- 
                                              Price(s)        Volume(s) 
                                             --------------  ---------- 
                                         Nominal cost         3 7,730 
                                        -------------------  ---------- 
 
 d)     Aggregated information               Single transaction 
 
   - Aggregated volume 
 
   - Price 
 
 e)     Date of the transaction              15 December 2020 
       -----------------------------------  ---------------------------------------------------------------- 
 f)     Place of the transaction             XLON 
       -----------------------------------  ---------------------------------------------------------------- 
 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Andries Petrus Liebenberg 
      ---------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                          Director 
      ---------------------------------------  ------------------------------------------ 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                     Renew Holdings plc 
      ---------------------------------------  ------------------------------------------ 
 b)    LEI                                      213800O3DC3V4WYA2E09 
      ---------------------------------------  ------------------------------------------ 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ----------------------------------------------------------------------------------- 
 a)    Description of the                       Ordinary shares of 10p each. 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB0005359004 
 
 b)    Nature of the transaction                Sale of ordinary shares of 10p each 
      ---------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                                -------------------  ------------------ 
                                                 Price(s)             Volume(s) 
                                                -------------------  ------------------ 
    GBP 500                                                           17,814 
   ----------------------------------------------------------------  ------------------ 
 
 d)    Aggregated information                   Single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  15 December 2020 
      ---------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                 XLON 
      ---------------------------------------  ------------------------------------------ 
 

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