Renew Holdings PLC Director/PDMR Shareholding (7220D)
February 21 2020 - 2:00AM
UK Regulatory
TIDMRNWH
RNS Number : 7220D
Renew Holdings PLC
21 February 2020
Renew Holdings plc
("Renew" or the "Group")
Director/PDMR shareholding
Renew (AIM: RNWH), the Engineering Services Group supporting UK
infrastructure, announces that a total of 299,570 options ("LTIP
Options") have been granted on 20 February 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) 118,269
A Liebenberg (Executive
Director) 84,907
S Wyndham-Quin (Chief Financial
Officer) 88,702
The LTIP Options are exercisable at an exercise price of 10p per
ordinary share from 21 February 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
2019. The LTIP Options must be exercised before 21 February
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
78,555,054 and following the above LTIP award there is a total of
864,696 outstanding none of which have yet vested.
Enquiries:
Renew Holdings plc Tel: 0113 281 4200
Paul Scott, CEO
Sean Wyndham-Quin, CFO
Numis Securities Limited Tel: 020 7260 1000
Stuart Skinner/ Kevin Cruickshank
Walbrook PR Tel: 020 7933 8780 or renew@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303
Nick Rome Mob: 07748 325 236
About Renew Holdings plc
Engineering Services , which accounts for over 90% of Group
revenue and over 95% of operating profit, focuses on the key
markets of 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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London Stock Exchange. RNS is approved by the Financial Conduct
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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