Last checked at 6 Feb 2019 18:24
Renew Holdings plc
("Renew" or the "Company")
Issue of Equity & Exercise of LTIPS
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 61,717 options to acquire ordinary shares of 10p each in the Company ("Ordinary Shares") pursuant to the Company's Long-Term Incentive Plan were exercised on 5 February 2019. On 6 February 2019, Paul Scott and Andries Liebenberg, sold 14,870 and 12,740 of these shares respectively at an average price of £3.69 per share.
Following the exercise and sale set out above, Mr Scott's shareholding has increased to 47,412 shares representing 0.06% of the issued share capital and Mr Liebenberg's has increased to 33,371 shares representing 0.04% of the issued share capital.
Following this exercise, there are a further 724,226 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.
Application has been made to the London Stock Exchange for the admission of the new Ordinary Shares to trading on AIM. Admission is expected to take place at 8.00am on 11 February 2019 and dealings in the Placing Shares will commence at that time. The Company's total issued share capital immediately following Admission will consist of 75,329,224 Ordinary Shares with one voting right per share. The above figure of 75,329,224 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.
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 /Amendment
| Initial Notification | |||
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 financial instrument, type of instrument | Ordinary shares of 10p each. | |||
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.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nominal cost | 33,240 | ||||
d)
| Aggregated information | Single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 5 February 2019 | |||
f)
| Place of the transaction
| Off market | |||
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 /Amendment
| Initial Notification | |||
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 financial instrument, type of instrument | Ordinary shares of 10p each. | |||
Identification code | GB0005359004 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 10p each | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 369 | 14870 | ||||
d)
| Aggregated information | Single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 6 February 2019 | |||
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 /Amendment
| Initial Notification | |||
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 financial instrument, type of instrument | Ordinary shares of 10p each. | |||
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. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nominal cost | 28,477 | ||||
d)
| Aggregated information | Single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 5 February 2019 | |||
f)
| Place of the transaction
| Off market | |||
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 /Amendment
| Initial Notification | |||
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 financial instrument, type of instrument | Ordinary shares of 10p each. | |||
Identification code | GB0005359004 | ||||
b)
| Nature of the transaction
| Sale of ordinary shares of 10p each | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 369 | 12740 | ||||
d)
| Aggregated information | Single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 6 February 2019 | |||
f)
| Place of the transaction
| XLON | |||
Enquiries:
Renew Holdings plc | Tel: 0113 281 4200 | |
Paul Scott, CEO | ||
Sean Wyndham-Quin, CFO | ||
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 | |
Lianne Cawthorne | Mob: 07584 391 303 | |
About Renew Holdings plc
Engineering Services, which accounts for over 85% of Group revenue and 95% 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