Renew Holdings Regulatory News (RNWH)

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 293,000 options ("LTIP options") have been granted on 7 January 2015 to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan adopted on 25 January 2012. The grant includes the following allocation to directors of Renew:

At the same time, a total of 41,956 options to subscribe for ordinary shares of 10p each have been granted under an HMRC approved option scheme ("CSOP options") at an exercise price of 286p including the following allocation to directors of Renew:

The LTIP options are exercisable at a nominal cost from 8 January 2018 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 2014. The same performance criteria apply to the CSOP options which cannot be exercised until the same date as the LTIP options. Both sets of options must be exercised before 8 January 2022. To the extent that there is a gain arising on the CSOP options at the date of exercise, the option holder will forfeit LTIP options to the same value immediately. Following these grants, the total number of options outstanding over the Company's ordinary shares is 1,388,121.

A summary of the performance criteria is set out below.

Vesting of one half of the Options will be dependent on absolute growth in the Company's Total Shareholder Return ('TSR'), and the other half dependent on the Company's TSR performance as compared to the TSR achieved by other companies in a comparator group of nine companies selected by the Remuneration Committee. All TSR calculations will be based on the average of the opening and closing share price over a 30 day period prior to the commencement and end of the performance period.

The absolute TSR growth target requires the Company's TSR over the three year performance period to have grown by more than 25%. For TSR growth between 25% and 100%, the half of the Option which is subject to the absolute TSR growth target will vest on a straight-line basis from nil vesting at 25% growth, to 100% vesting at 100% growth. There will be no vesting if TSR growth is 25% or less.

The comparator group TSR performance target requires the Company's TSR to rank above the median TSR performance of the comparator group. If the Company's TSR performance is ranked between the median position and the top decile of the comparator group then the half of the Option which is subject to the comparator group TSR performance will vest on a straight line basis from nil vesting at or below the median, to 100% at the top decile. There will be no vesting at or below the median position.

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About Renew Holdings plc

Engineering Services, which accounts for over 80% of Group revenue and 85% 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 Buildingfocuses 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