20 December 2023
Renew Holdings plc
("Renew" or the "Group")
Issue of Equity
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 4,306 ordinary shares of 10p each in the Company ("Ordinary Shares") have been issued and allotted to satisfy the Company's obligations under the Long-Term Incentive Plan ("LTIP") on 20 December 2023.
Application has been made to the London Stock Exchange for the admission of 4,306 new Ordinary Shares to trading on AIM. Admission is expected to take place at 8.00am on 28 December 2023 and dealings in the placing shares will commence at that time. The Company's total issued share capital immediately following admission will consist of 79,138,195 Ordinary Shares with one voting right per share. The above figure of 79,138,195 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 Officer | 020 3727 1000 |
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Deutsche Numis (Nominated Adviser and Joint Broker) | 020 7260 1000 |
| Stuart Skinner / Kevin Cruickshank | |
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| Peel Hunt LLP (Joint Broker) | 020 7418 8900 |
| Mike Burke / Ed Allsopp | |
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| FTI Consulting (Financial PR) | 020 3727 1000 |
| Alex Beagley / Tom Hufton / Rafaella de Freitas / Amy Goldup | Renew@fticonsulting.com |
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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