TIDMRNWH

RNS Number : 2007B

Renew Holdings PLC

29 January 2020

Renew Holdings plc

("Renew" or the "Group")

AGM Statement

Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, will hold its Annual General Meeting at 11am today. David Forbes, Chairman, will open the meeting with the following remarks:

"Trading for the first quarter of the year has been in line with the Board's expectations. The Group order book at 31 December 2019 was GBP651m (31 December 2018: GBP570m). The Engineering Services order book stood at GBP549m (31 December 2018: GBP522m). Net debt and cash generation is in line with the Board's expectations.

On the 14 January 2020, the Board was delighted to announce the appointment of Stephanie Hazell as a Non-Executive Director with effect from 1 March 2020. Stephanie has over 20 years' relevant experience working in high profile businesses in the infrastructure services sector. In addition, Stephanie's strategic experience will assist in the development and delivery of the Group's established strategy."

A further trading update will be given in a pre-close announcement on 1 April 2020 prior to the announcement of the interim results on 19 May 2020.

Enquiries:

 
 Renew Holdings plc                                                         Tel: 0113 281 4200 
 Paul Scott, CEO 
 Sean Wyndham-Quin, CFO 
 
 Numis Securities Limited                                                   Tel: 020 7260 1000 
 Stuart Skinner/ Kevin Cruickshank (Nominated 
  Adviser) 
 Michael Burke (Corporate Broker) 
 
 Walbrook PR                                        Tel: 020 7933 8780 or renew@walbrookpr.com 
 Paul McManus                                                               Mob: 07980 541 893 
 Lianne Cawthorne                                                           Mob: 07584 391 303 
 Nick Rome                                                                  Mob: 07748 325 236

About Renew Holdings plc

Engineering Services, which accounts for over 90% of Group revenue and over 95% of operating profit, focuses on the key markets of 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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END

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January 29, 2020 02:00 ET (07:00 GMT)

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