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RENEW HOLDINGS PLC
Share Issue/Capital Change • Dec 16, 2021
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Share Issue/Capital Change
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National Storage Mechanism | Additional information 
RNS Number : 8056V
Renew Holdings PLC
16 December 2021
16 December 2021
Renew Holdings plc
("Renew" or the "Group" or the "Company")
Issue of Equity & Director Dealing
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 181,409 ordinary shares of 10p each in the Company ("Ordinary Shares") have been issued and allotted on the 15 December 2021 to satisfy the Company's obligations under the 2018 Long-Term Incentive Plan ("LTIP") and the 2021 Executive Incentive Scheme ("EIS"). These shares have been issued net of any income tax and national insurance charges which will be settled through the Company's payroll.
Paul Scott, Chief Executive was issued 73,478 Ordinary Shares, Sean Wyndham-Quin, Chief Financial Officer was issued 55,154 Ordinary Shares and Andries Liebenberg, Executive Director was issued 52,777 Ordinary Shares.
Application has been made to the London Stock Exchange for the admission of 181,409 new Ordinary Shares that were exercised under the LTIP to trading on AIM. Admission is expected to take place at 8.00am on 21 December 2021 and dealings in the placing shares will commence at that time. The Company's total issued share capital immediately following admission will consist of 78,862,743 Ordinary Shares with one voting right per share. The above figure of 78,862,743 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.
Following the share issue set out above, Mr Scott's shareholding has increased to 175,043 shares representing 0.22% of the issued share capital, My Wyndham-Quin's shareholding has increased to 89,063 representing 0.11% of the issued share capital and Mr Liebenberg's shareholding has increased to 127,718 shares representing 0.16% of the issued share capital.
At the same time a total of 167,350 options ("LTIP Options") were granted 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 comprises the following allocation to executive directors of Renew:
| P Scott (Chief Executive) | 59,535 |
| S Wyndham Quin (Chief Financial Officer) A Liebenberg (Executive Director) |
45,556 43,278 |
The LTIP Options are exercisable at an exercise price of 10p per ordinary share from 16 December 2024 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 2021. The LTIP Options must be exercised before 16 December 2031.
A summary of the performance criteria is set out in the Directors' Remuneration Report in the Annual Report and Accounts for the year ended 30 September 2021 which will shortly be available on the Company's website and from the registered office.
Following the exercise and grant set out above, there are a further 709,081 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.
For further information, please contact:
| Renew Holdings plc | www.renewholdings.com |
| Paul Scott, Chief Executive Officer Sean Wyndham-Quin, Chief Financial Officer |
via FTI Consulting 020 3727 1000 |
| Numis Securities Limited (Nominated Adviser & Broker) Stuart Skinner/ Kevin Cruickshank Peel Hunt LLP (Joint Broker) Mike Burke / Harry Nicholas / Charles Batten |
020 7260 1000 020 7418 8900 |
| FTI Consulting (Financial PR) Alex Beagley / Tom Hufton / Sam Macpherson / Rafaella de Freitas |
020 3727 1000 [email protected] |
| 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 and issue of ordinary shares of 10p each under the Company's Executive Incentive Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 73,478 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 15 December 2021 | |||
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Sean Wyndham-Quin | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Financial Officer | |||
| 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 and issue of ordinary shares of 10p each under the Company's Executive Incentive Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 55,154 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 15 December 2021 | |||
| 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 and issue of ordinary shares of 10p each under the Company's Executive Incentive Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 52,777 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 15 December 2021 | |||
| f) | Place of the transaction | XLON |
| 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 | Grant to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 59,535 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 15 December 2021 | |||
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Sean Wyndham-Quin | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Financial Officer | |||
| 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 | Grant to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 45,556 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 15 December 2021 | |||
| 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 | Grant to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan under the Company's Executive Incentive Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 43,278 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 15 December 2021 | |||
| f) | Place of the transaction | XLON |
About Renew Holdings plc
Renew Holdings Group plc is a leading UK Engineering Services business, performing a critical role in keeping the nation's infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce.
Renew's activities are focused into two business streams. Engineering Services, which accounts for over 95 per cent of the Group's adjusted operating profit, focuses on the key markets of Rail, Infrastructure, Energy (including Nuclear) and Environmental 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 and Science markets in London and the Home Counties.
For more information please visit the Renew Holdings plc website: www.renewholdings.com
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