Director/PDMR Shareholding
Renew Holdings PLC announced that 232,130 Long Term Incentive Plan options were granted to subscribe for ordinary shares, with executive directors P. Scott receiving 98,400 options and S. Wyndham-Quin receiving 68,571 options. These options, exercisable at 10p per share from December 18, 2028, are contingent on achieving specific performance criteria over a three-year period starting October 1, 2025, and must be exercised by December 18, 2035. Following this award, there are 845,669 ordinary shares outstanding under LTIP options, none of which have vested.
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Renew (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, announces that a total of 232,130 options ("LTIP Options") were granted yesterday to subscribe for ordinary shares of 10p each pursuant to the Company's Long Term Incentive Plan.
The grant includes the following allocation to executive directors of Renew:
| P Scott (Chief Executive) | 98,400 |
| S Wyndham-Quin (Chief Financial Officer) | 68,571 |
The LTIP Options shall ordinarily vest and become exercisable at an exercise price of 10p per ordinary share from 18 December 2028 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 2025. The LTIP Options must be exercised before 18 December 2035. The LTIP Options will ordinarily be forfeit in the event of the grantee's cessation of employment ahead of the time vesting date.
A summary of the performance criteria is set out in the Directors' Remuneration Report in the Annual Report and Accounts which is available on the Company's website and from the registered office.
The current total number of ordinary shares of 10p each in issue is 79,156,691 and following the above LTIP award there is a total of 845,669 ordinary shares outstanding under LTIP options none of which have yet vested.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. P. Scott 2. S. Wyndham-Quin |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer |
| b) | Initial notification /Amendment | Initial Announcement |
| a) | Name | Renew Holdings plc |
| b) | LEI | 213800O3DC3V4WYA2E09 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each |
| Identification code | ISIN: GB0005359004 | |
| b) | Nature of the transaction | Grant of options under the Renew Holdings plc Long Term Incentive Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1. Nil 3. Nil | 1. 98,400 3. 68,571 | |
| d) | Aggregated information | |
| - Aggregated volume | 166,971 | |
| - Price | Nil | |
| e) | Date of the transaction | 17 December 2025 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.