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RENEW HOLDINGS PLC — Remuneration Information 2016
Jan 28, 2016
7878_dirs_2016-01-28_b59defcb-d720-4194-b081-9bd5561f8808.html
Remuneration Information
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RNS Number : 3145N
Renew Holdings PLC
28 January 2016
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 309,700 options ("LTIP options") have been granted on 27 January 2016 to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan adopted on 25 January 2012 as amended by certain rule changes approved at the Annual General Meeting held on 27 January 2016. The grant includes the following allocation to directors of Renew:
| B W May (Chief Executive) | 104,000 |
| J Samuel (Group Finance Director) | 80,000 |
| P Scott (Group Engineering Services Director) | 67,700 |
The LTIP options are exercisable at an exercise price of 10p per ordinary share from 28 January 2019 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 2015. The options must be exercised before 28 January 2023.
A summary of the performance criteria is set out in the Directors' Remuneration Report on page 40 of the Annual Report and Accounts for the year ended 30 September 2015.
The total number of ordinary shares of 10p each in issue is 62,317,948 and following the above LTIP award there is a total of 855,865 options outstanding none of which have yet vested.
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 or [email protected] |
| Paul McManus | Mob: 07980 541 893 |
| Lianne Cawthorne | Mob: 07584 391 303 |
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 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
This information is provided by RNS
The company news service from the London Stock Exchange
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