Last checked at 18 Jun 2013 12:36
Renew Holdings plc
("Renew" or the "Group")
Sector Reclassification
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that it has today received confirmation from FTSE Client Services that the Group will be reclassified as 2791 Business Support Services from 2357 Heavy Construction, within the Industry Classification Benchmark categories of the London Stock Exchange.
The reclassification reflects the continued success of the Group's strategy of developing an Engineering Service business supporting sectors critical to UK Infrastructure.
The reclassification will take effect on 24 June 2013.
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 (including Rail), 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