TIDMRNWH
RNS Number : 8056V
Renew Holdings PLC
16 December 2021
16 December 2021
Renew Holdings plc
("Renew" or the "Group" or the "Company")
Issue of Equity & Director Dealing
Renew (AIM: RNWH), the Engineering Services Group supporting UK
infrastructure, announces that a total of 181,409 ordinary shares
of 10p each in the Company ("Ordinary Shares") have been issued and
allotted on the 15 December 2021 to satisfy the Company's
obligations under the 2018 Long-Term Incentive Plan ("LTIP") and
the 2021 Executive Incentive Scheme ("EIS"). These shares have been
issued net of any income tax and national insurance charges which
will be settled through the Company's payroll.
Paul Scott, Chief Executive was issued 73,478 Ordinary Shares,
Sean Wyndham-Quin, Chief Financial Officer was issued 55,154
Ordinary Shares and Andries Liebenberg, Executive Director was
issued 52,777 Ordinary Shares.
Application has been made to the London Stock Exchange for the
admission of 181,409 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 2021 and dealings in the placing shares will
commence at that time. The Company's total issued share capital
immediately following admission will consist of 78,862,743 Ordinary
Shares with one voting right per share. The above figure of
78,862,743 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 .
Following the share issue set out above, Mr Scott's shareholding
has increased to 175,043 shares representing 0.22% of the issued
share capital, My Wyndham-Quin's shareholding has increased to
89,063 representing 0.11% of the issued share capital and Mr
Liebenberg's shareholding has increased to 127,718 shares
representing 0.16% of the issued share capital.
At the same time a total of 167,350 options ("LTIP Options")
were granted 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) 59,535
S Wyndham Quin (Chief Financial
Officer) 45,556
A Liebenberg (Executive Director) 43,278
The LTIP Options are exercisable at an exercise price of 10p per
ordinary share from 16 December 2024 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
2021. The LTIP Options must be exercised before 16 December
2031.
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 2021 which will shortly be
available on the Company's website and from the registered
office.
Following the exercise and grant set out above, there are a
further 709,081 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.
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 & Broker)
Stuart Skinner/ Kevin Cruickshank 020 7260 1000
Peel Hunt LLP (Joint Broker)
Mike Burke / Harry Nicholas / Charles
Batten 020 7418 8900
FTI Consulting (Financial PR) 020 3727 1000
Alex Beagley / Tom Hufton / Sam Renew@fticonsulting.com
Macpherson / Rafaella de Freitas
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 and issue of ordinary shares
of 10p each under the Company's Executive
Incentive Plan.
------------------------------------ ------------------------------------------------------------
c) Price(s) and volume(s)
-------------------------------- -----------------------
Price(s) Volume(s)
-------------------------------- -----------------------
Nominal cost 73,478
-------------------------------------------------------------------------- -----------------------
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
------------------------------------ ------------------------------------------------------------
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 and issue of ordinary shares
of 10p each under the Company's Executive
Incentive Plan.
------------------------------------ ------------------------------------------------------------
c) Price(s) and volume(s)
-------------------------------- -----------------------
Price(s) Volume(s)
-------------------------------- -----------------------
Nominal cost 55,154
-------------------------------------------------------------------------- -----------------------
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
------------------------------------ ------------------------------------------------------------
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 and issue of ordinary shares
of 10p each under the Company's Executive
Incentive Plan.
------------------------------------ -------------------------------------------------
c) Price(s) and volume(s)
-------------------------- ------------------
Price(s) Volume(s)
-------------------------- ------------------
Nominal cost 52,777
-------------------------------------------------------------------- ------------------
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
------------------------------------ -------------------------------------------------
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 Grant to subscribe for ordinary shares
of 10p each pursuant to the Company's
Long Term Incentive Plan
------------------------------------ ---------------------------------------------
c) Price(s) and volume(s)
------------------------ ----------------
Price(s) Volume(s)
------------------------ ----------------
Nominal cost 59,535
------------------------------------------------------------------ ----------------
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
------------------------------------ ---------------------------------------------
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 Grant to subscribe for ordinary shares
of 10p each pursuant to the Company's
Long Term Incentive Plan
------------------------------------ ---------------------------------------------
c) Price(s) and volume(s)
------------------------ ----------------
Price(s) Volume(s)
------------------------ ----------------
Nominal cost 45,556
------------------------------------------------------------------ ----------------
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
------------------------------------ ---------------------------------------------
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 Grant to subscribe for ordinary shares
of 10p each pursuant to the Company's
Long Term Incentive Plan under the
Company's Executive Incentive Plan.
------------------------------------ ---------------------------------------------
c) Price(s) and volume(s)
------------------------ ----------------
Price(s) Volume(s)
------------------------ ----------------
Nominal cost 43,278
------------------------------------------------------------------ ----------------
d) Aggregated information Single transaction
- Aggregated volume
- Price
e) Date of the transaction 15 December 2021
------------------------------------ ---------------------------------------------
f) Place of the transaction XLON
------------------------------------ ---------------------------------------------
A bout 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.
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 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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END
MSCDKPBPOBDDKBD
(END) Dow Jones Newswires
December 16, 2021 02:00 ET (07:00 GMT)
Renew (LSE:RNWH)
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