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Renew Holdings Regulatory News (RNWH)

Regulatory News for Renew Holdings (RNWH)

Share Price: 97.50

Bid: 96.00

Ask: 99.00

Change: 0.00 (0.00%)

Spread: 3.00

Spread as %: 3.13%

Open: 97.50

High: 99.00

Low: 96.50

Yesterday’s Close: 97.50

RNWH Share News

RNWH ShareCast

RNWH Regulatory

OFT Update

Fri, 15th Apr 2011 11:46

RNS Number : 0125F

Renew Holdings PLC

15 April 2011

Renew Holdings plc

("Renew" or the "Group")

Decision of Competition Act Tribunal

The Board of Renew confirms that the Competition Act Tribunal has determined its judgment in the matter of Renew Holdings plc's and Allenbuild Limited's appeals against the level of fines imposed by the Office of Fair Trading ("OFT") in connection with historic cover pricing activities. Renew's appeal was upheld on various grounds.

The Tribunal has reduced the aggregate fine imposed on Renew and its subsidiary, Allenbuild Limited, and former subsidiary, Bullock Construction Ltd, from £3.5m to £926,250. Renew is taking legal advice in respect of this judgment and also in relation to the issue of contribution from its former subsidiary.

Renew has guidelines and controls in place to ensure that all subsidiaries comply with competition laws. Compliance with these procedures is audited on a regular basis. The practice of cover pricing is not regarded as acceptable within the Renew group of companies.

Renew's interim results for the six months ended 31 March 2011 will be announced on Tuesday 24 May 2011.

ENQUIRIES:

Renew Holdings plc	Tel: 0113 281 4200
Brian May, Chief Executive
John Samuel, Group Finance Director

Brewin Dolphin	Tel: 0845 213 4730
Sandy Fraser
Sean Wyndham-Quin

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGGUCCCUPGGUA

Related Shares: Renew Holdings (RNWH).

Date	Source	Headline	Category
11-Apr-13 07:00	RNS	Investor and Analyst Presentation	Company Announcement - General
02-Apr-13 08:13	RNS	Trading Update	Results and Trading Reports
30-Jan-13 14:41	RNS	Result of AGM	Results and Trading Reports
30-Jan-13 07:00	RNS	AGM Statement	Results and Trading Reports
16-Jan-13 12:45	RNS	Holding(s) in Company	Holding(s) in Company
21-Dec-12 11:47	RNS	Director/PDMR Shareholding	Directors' Dealings
19-Dec-12 07:00	RNS	Posting of Annual Report and Accounts	Results and Trading Reports
11-Dec-12 16:16	RNS	Holding(s) in Company	Holding(s) in Company
04-Dec-12 16:45	RNS	Holding(s) in Company	Holding(s) in Company
29-Nov-12 18:15	RNS	Holding(s) in Company	Holding(s) in Company
27-Nov-12 07:00	RNS	Preliminary Results	Results and Trading Reports
26-Nov-12 07:00	RNS	Holding(s) in Company	Holding(s) in Company
20-Nov-12 10:09	RNS	Holding(s) in Company	Holding(s) in Company
13-Nov-12 09:53	RNS	Framework award	Company Announcement - General
12-Oct-12 07:00	RNS	Change of Adviser	Executive Changes
01-Oct-12 07:00	RNS	Trading Update	Results and Trading Reports
21-Sep-12 07:00	RNS	Sector Reclassification	Company Announcement - General
19-Sep-12 07:00	RNS	Holding(s) in Company	Holding(s) in Company
30-Aug-12 09:29	RNS	Holding(s) in Company	Holding(s) in Company
11-Jun-12 10:28	RNS	Director/PDMR Shareholding	Directors' Dealings
06-Jun-12 07:00	RNS	Posting of Interim Report and Accounts	Company Announcement - General
22-May-12 07:00	RNS	Half Yearly Report	Results and Trading Reports
02-Apr-12 07:00	RNS	Trading update	Company Announcement - General
29-Mar-12 11:40	RNS	Director/PDMR Shareholding	Directors' Dealings
23-Mar-12 13:20	RNS	Director/PDMR Shareholding	Company Announcement - General
06-Mar-12 11:34	RNS	Director/PDMR Shareholding	Directors' Dealings
01-Feb-12 07:00	RNS	Change of Adviser	Executive Changes
26-Jan-12 13:21	RNS	Result of AGM	Results and Trading Reports
25-Jan-12 07:00	RNS	AGM Statement	Results and Trading Reports
18-Jan-12 14:51	RNS	Holding(s) in Company - Replacement	Holding(s) in Company

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