2nd Feb 2016 07:00
Renew Holdings plc
("Renew" or the "Group")
Disposal
Renew (AIM: RNWH), the Engineering Services Group supporting UK infrastructure, confirms that Places for People Group Limited completed the acquisition of Allenbuild Limited yesterday with the payment of the second 50% of consideration of £1.375m in cash. This follows on from the initial announcement of the disposal of the business for a total consideration of £2.75m made on 3 November 2014.
Enquiries:
Renew Holdings plc | Tel: 0113 281 4200 | |
Brian May, Chief Executive |
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John Samuel, Group Finance Director |
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Numis Securities Limited | Tel: 020 7260 1000 | |
Stuart Skinner (Nominated Adviser) |
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James Serjeant (Corporate Broker) |
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Walbrook PR | Tel: 020 7933 8780 or [email protected] | |
Paul McManus | Mob: 07980 541 893 | |
Lianne Cawthorne | Mob: 07584 391 303 | |
About Renew Holdings plc
Engineering Services, which accounts for 85% of Group revenue and 90% of operating profit, focuses on the key markets of Energy (including Nuclear), Environmental and Infrastructure, 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 market in London and the Home Counties.
For more information please visit the Renew Holdings plc website: www.renewholdings.com
Related Shares:
Renew Holdings