RNS Number : 0046O
Renold PLC
23 June 2025
23 June 2025
Renold plc
("Renold", the "Company" or the "Group")
Notice of Results for the year ended 31 March 2025
On 13 June 2025 MPE Bid Co, a newly-formed corporation indirectly controlled by funds managed by MPE Mgt. Co., LLC ("MPE"), announced a firm intention to make an all-cash offer for the entire issued and to be issued ordinary share capital of Renold plc at 82p per ordinary share (the "Acquisition").
In light of the increased internal quality and regulatory requirements that the Acquisition brings with it, the Group's auditor, BDO LLP, has requested additional time to complete their audit processes. As a consequence, the Company will not publish its results for the year ended 31 March 2025 ("FY25") on 2 July 2025, as previously advised. The analyst presentation scheduled for 2 July 2025 will also be postponed.
The Board confirms that its expectations for the current year are unchanged.
Notice of results
The Group expects to announce its results for FY25 on 9 July 2025.
ENQUIRIES:
Renold plc
IFC Advisory Limited
Robert Purcell, Chief Executive
Tim Metcalfe
Jim Haughey, Group Finance Director
Graham Herring
renold@investor-focus.co.uk
0161 498 4500
020 3934 6630
Nominated Adviser and Joint Broker
Joint Broker
Peel Hunt LLP
Cavendish Capital Markets Limited
Mike Bell
Ed Frisby (Corporate Finance)
Ed Allsopp
Andrew Burdis / Harriet Ward (ECM)
020 7418 8900
020 7220 0500
NOTES FOR EDITORS
Renold is a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The Company has a well-deserved reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining.
Further information about Renold can be found on the website at: www.renold.com
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