Renew Holdings PLC Director/PDMR Shareholding (2232W)
December 08 2023 - 7:38AM
UK Regulatory
TIDMRNWH
RNS Number : 2232W
Renew Holdings PLC
08 December 2023
8 December 2023
Renew Holdings plc
("Renew" or the "Group")
Director/PDMR Shareholding
Renew (AIM: RNWH), the leading Engineering Services Group
supporting the maintenance and renewal of critical UK
infrastructure, announces that a total of 203,573 options ("LTIP
Options") have been granted on 7 December 2023 to subscribe for
ordinary shares of 10p each pursuant to the Company's Long Term
Incentive Plan. The grant includes the following allocation to
executive directors of Renew:
P Scott (Chief Executive) 73,411
A Liebenberg (Executive
Director) 53,390
S Wyndham-Quin (Chief Financial
Officer) 56,250
The LTIP Options shall ordinarily vest and become exercisable at
an exercise price of 10p per ordinary share from 8 December 2026
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 2023. The LTIP Options must be
exercised before 8 December 2033. The LTIP Options will ordinarily
be forfeit in the event of the grantee's cessation of employment
ahead of the time vesting date.
A summary of the performance criteria is set out in the
Directors' Remuneration Report in the Annual Report and Accounts
which is available on the Company's website and from the registered
office.
The current total number of ordinary shares of 10p each in issue
is 79,133,889 and following the above LTIP award there is a total
of 845,176 ordinary shares outstanding under LTIP options 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 Officer 020 3727 1000
Deutsche Numis (Nominated Adviser and
Joint Broker) 020 7260 1000
Stuart Skinner / Kevin Cruickshank
Peel Hunt LLP (Joint Broker) 020 7418 8900
Mike Burke / Ed Allsopp
FTI Consulting (Financial PR) 020 3727 1000
Alex Beagley / Tom Hufton / Rafaella Renew@fticonsulting.com
de Freitas / Amy Goldup
About Renew Holdings plc
Renew 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:
Engineering Services, which accounts for over 95 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,
Landmark and Science markets in London and the Home Counties.
For more information please visit the Renew Holdings plc website: www.renewholdings.com
The information set out below is provided in accordance with the
requirements of the UK Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. P. Scott
2. A. Liebenberg
3. S. Wyndham-Quin
----------------------------------- ------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Executive Director
3. Chief Financial Officer
----------------------------------- ------------------------------------------------
b) Initial notification Initial Announcement
/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 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB0005359004
b) Nature of the transaction Grant of options under the Renew Holdings
plc Long Term Incentive Plan
----------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
----------------- ------------------
Price(s) Volume(s)
----------------- ------------------
1. Nil 1. 73,411
2. Nil 2. 53,390
3. Nil 3. 56,250
----------------- ------------------
d) Aggregated information
- Aggregated volume 183,051
- Price Nil
e) Date of the transaction 7 December 2023
----------------------------------- ------------------------------------------------
f) Place of the transaction Outside of a trading venue
----------------------------------- ------------------------------------------------
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END
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