Renew Holdings Regulatory News (RNWH)

17 Apr 2008 16:28

Renew Holdings PLC17 April 2008 Renew Holdings plc('Renew' or the 'Company') Re OFT Investigation Renew notes the announcement today from the Office of Fair Trading ('OFT')regarding its investigation into tender activities within the constructionsector. Renew, which announced in June 2007 that one of its subsidiaries (AllenbuildLimited) had been contacted by the OFT in relation to some historic contracttenders, has been and remains fully committed to co-operating with the OFT inits ongoing investigation. Renew notes that Bullock Construction Limited, listedby the OFT in connection with Renew, was sold by the Company in September 2005.Renew was unaware of the OFT enquiry into Bullock Construction Limited at thetime of the June 2007 announcement. Renew will respond to the Statement of Objections in due course. As previously announced, following the initial notification from the OFT, theCompany conducted a thorough review of the procedures at all of its businessesand has strict guidelines and controls in place to ensure that all subsidiariesare in compliance with the Competition Act 1998. 17 April 2008 Enquiries: Renew Holdings plcBrian May, Chief Executive Tel: 0113 281 4200John Samuel, Group Finance Director College Hill Tel: 020 7457 2020Mark Garraway This information is provided by RNS The company news service from the London Stock Exchange