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RENEW HOLDINGS PLC
Share Issue/Capital Change • Mar 10, 2023
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Share Issue/Capital Change
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National Storage Mechanism | Additional information 
RNS Number : 5084S
Renew Holdings PLC
10 March 2023
10 March 2023
Renew Holdings plc
("Renew" or the "Group")
Issue of Equity & Director Dealing
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, announces that a total of 265,096 ordinary shares of 10p each in the Company ("Ordinary Shares") have been issued and allotted to satisfy the Company's obligations under the Long-Term Incentive Plan ("LTIP") on 9 March 2023.
Paul Scott, Chief Executive was issued 104,659 Ordinary Shares, Sean Wyndham-Quin, Chief Financial Officer was issued 78,494 Ordinary Shares and Andries Liebenberg, Executive Director was issued 75,136 Ordinary Shares. On the same day, Paul Scott and Sean Wyndham-Quin sold 49,190 and 36,892 of these shares respectively at an average price of 680p per share to satisfy income tax and national insurance liabilities. Following the share issue and sale set out above, Mr Scott's shareholding has increased to 232,932 Ordinary Shares representing 0.29% of the issued share capital and Mr Wyndham-Quin's shareholding has increased to 132,532 Ordinary Shares representing 0.17% of the issued share capital.
Andries Liebenberg sold 75,136 Ordinary Shares at an average price of 680p per share. Following this share issue and sale, Mr Liebenberg's shareholding remains unchanged at 49,481 Ordinary Shares representing 0.06% of the issued share capital.
Application has been made to the London Stock Exchange for the admission of 265,096 new Ordinary Shares to trading on AIM. Admission is expected to take place at 8.00am on 15 March 2023. The Company's total issued share capital immediately following admission will consist of 79,133,889 Ordinary Shares with one voting right per share. The above figure of 79,133,889 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 exercise and grant set out above, there are a further 641,603 options outstanding under the Company's LTIP, 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 / 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 | 104,659 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 9 March 2023 | |||
| 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 | Sale of ordinary shares of 10p each | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 49,190 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 9 March 2023 | |||
| 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 | 78,494 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 9 March 2023 | |||
| 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 | Sale of ordinary shares of 10p each | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 36,892 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 9 March 2023 | |||
| 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 | 75,136 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 9 March 2023 | |||
| 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 | Sale of ordinary shares of 10p each | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nominal cost | 75,136 | ||||
| d) | Aggregated information | Single transaction | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 9 March 2023 | |||
| f) | Place of the transaction | XLON |
About Renew Holdings plc
Renew 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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