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LONDON - Renew Holdings plc (AIM: RNWH), an engineering services group involved in the maintenance and renewal of critical infrastructure, disclosed that Liz Barber, a Non-Executive Director of the company, has acquired 2,830 ordinary shares. The transaction took place on Monday at a price of 709p per share on the London market.
Following this purchase, Barber's total holding in Renew Holdings amounts to 2,830 shares, which is equivalent to 0.004% of the company's issued share capital. The shares purchased are ordinary shares of 10p each, identified by the code GB0005359004.
This transaction represents an initial notification for Barber, who serves as a Non-Executive Director on the board of Renew Holdings. The details of the transaction were provided in accordance with the market's regulatory framework, which requires timely disclosure of such acquisitions by persons discharging managerial responsibilities.
The information regarding this shareholding update is based on a press release statement from Renew Holdings plc. The company, listed on the AIM segment of the London Stock Exchange (LON:LSEG), is recognized for its role in supporting essential infrastructure projects across various sectors.
Investors often monitor the shareholding activities of company directors as an indicator of their confidence in the firm's prospects. However, the purchase by Barber is relatively small in scale, both in terms of volume and the resulting percentage of ownership.
Renew Holdings has not provided any additional commentary on the transaction or its potential implications for the company's performance or strategy. The company's announcement simply fulfills the regulatory requirements for transparency concerning the trading of its shares by insiders.
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