21 December 2022
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 232,092 options ("LTIP Options") have been granted on 20 December 2022 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 includes the following allocation to executive directors of Renew:
| P Scott (Chief Executive) | 83,696 |
| A Liebenberg (Executive Director) | 60,870 |
| S Wyndham-Quin (Chief Financial Officer) | 64,130 |
The LTIP Options are exercisable at an exercise price of 10p per ordinary share from 21 December 2025 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 2022. The LTIP Options must be exercised before 21 December 2032.
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 total number of ordinary shares of 10p each in issue is 78,862,743 and following the above LTIP award there is a total of 941,173 outstanding none of which have yet vested.
For further information, please contact:
| Renew Holdings plc |
|
| Paul Scott, Chief Executive Officer Sean Wyndham-Quin, Chief Financial Officer
| via FTI Consulting 020 3727 1000 |
| Numis Securities Limited (Nominated Adviser & Joint Broker) Stuart Skinner/ Kevin Cruickshank
Peel Hunt LLP (Joint Broker) Mike Burke / Harry Nicholas / Charles Batten
| 020 7260 1000
020 7418 8900 |
| FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Rafaella de Freitas | 020 3727 1000 |
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
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