Renew Holdings PLC Director/PDMR Shareholding (2977Q)
November 28 2016 - 4:14AM
UK Regulatory
TIDMRNWH
RNS Number : 2977Q
Renew Holdings PLC
28 November 2016
Renew Holdings plc
("Renew" or the "Company")
Director/PDMR shareholding
Renew (AIM: RNWH), the Engineering Services Group supporting UK
infrastructure, announces that a total of 243,100 options ("LTIP
options") have been granted on 24 November 2016 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
directors of Renew:
P Scott (Chief Executive) 91,400
J Samuel (Group Finance Director) 84,000
A Liebenberg (Executive Director) 67,700
The LTIP options are exercisable at an exercise price of 10p per
ordinary share from 25 November 2019 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
2016. The options must be exercised before 24 November 2026.
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 2016 which will be available on the
company's website and from the registered office shortly.
The total number of ordinary shares of 10p each in issue is
62,317,948 and following the above LTIP award there is a total of
993,300 options outstanding none of which have yet vested.
Enquiries:
Renew Holdings plc Tel: 0113 281 4200
Paul Scott, Chief Executive
John Samuel, Group Finance
Director
Numis Securities Limited Tel: 020 7260 1000
Stuart Skinner/ Kevin Cruickshank (Nominated
Adviser)
Michael Burke (Corporate
Broker)
Walbrook PR Tel: 020 7933 8780 or renew@walbrookpr.com
Paul McManus Mob: 07980 541 893
Nick Rome Mob: 07748 325 236
About Renew Holdings plc
Engineering Services, which accounts for over 80% of Group
revenue and 90% of operating profit, focuses on the key markets of
Energy (including Nuclear), Environmental and Infrastructure, 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
market in London and the Home Counties.
For more information please visit the Renew Holdings plc
website: www.renewholdings.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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