Business
Issue of Equity & Director Dealing
Issue of Equity & Director Dealing.
About this update from Renew Holdings Plc
[{"type":"text","content":"\n \n \n \n 10 March 2023\n \n \n \n \n \n \n \n Renew Holdings plc\n \n \n \n \n (\"Renew\" or the \"Group\")\n \n \n \n \n \n \n \n \n Issue of Equity & Director Dealing\n \n \n \n \n \n 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.\n \n \n \n \n \n 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.\n 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n 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\n .\n \n \n \n \n \n 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 ...