Renew Holdings chairman increases stake

LONDON - Renew Holdings plc (AIM: RNWH), a prominent engineering services group involved in the maintenance and renewal of critical infrastructure, disclosed that its Non-Executive Chairman, David Brown, has increased his stake in the company. On January 24, 2025, Brown purchased 2,822 ordinary shares at a price of 705p per share.

Following this transaction, Brown's total ownership in Renew Holdings has reached 15,742 shares, which equates to a 0.02% interest in the company's issued share capital. The acquisition took place in London and represents a single transaction at the stated price.

The purchase by the chairman is an initial notification, as per the regulatory standards, and has been formally announced by the company. This kind of transaction is often closely watched by investors as it can be indicative of a director's confidence in the company's prospects.

Renew Holdings is listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LON:), and its business focuses on essential services that support the upkeep and development of infrastructure across various sectors. The company's shares are identified by the code GB0005359004.

The information provided in this article is based on a press release statement from Renew Holdings plc.

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