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Market Cap: £682.39m
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Framework award

13 Nov 2012 09:53

RNS Number : 9820Q
Renew Holdings PLC
13 November 2012
 



 

Renew Holdings plc

("Renew" or the "Group")

 

Framework award

 

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces a major framework award at the Sellafield site.

 

This morning, Sellafield Limited announced the selection of Renew's subsidiary, Shepley Engineers Limited, as one of three preferred strategic partners to deliver work packages worth a potential £280 million over four years at the nuclear complex in Cumbria.

 

The Multi Discipline Site Works (MDSW) framework updates an existing arrangement governing how a range of maintenance tasks, asset care projects and asset restoration projects are delivered across the Sellafield portfolio. The framework covers a number of activities that support operations and project activities under the three main disciplines of civil, electrical and mechanical with associated task delivery services. The updated framework takes effect from April 2013.

Renew's annual results will be announced on Tuesday 27 November 2012.

 

Enquiries:

Renew Holdings plc

Tel: 0113 281 4200

Brian May, Chief Executive

John Samuel, Group Finance Director

Numis Securities Limited

Tel: 020 7260 1000

Stuart Skinner (Nominated Adviser)

James Serjeant (Corporate Broker)

Walbrook PR

Tel: 020 7933 8780

Paul McManus (Media Relations)

Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com

Paul Cornelius (Investor Relations)

Mob: 07827 879 496 or paul.cornelius@walbrookir.com

 

About Renew Holdings plc

 

Engineering Services, which now accounts for over 60% of Group revenue and 80% 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 New Build Affordable Housing, High Quality Residential and Retail markets in the South of England.

 

The Group has 75 framework agreements; 62 of these are in Engineering Services with 43 of those being non-discretionary in nature.

 

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
 
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