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RNS Number : 4000F Renold PLC 30 October 2025
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
FOR IMMEDIATE RELEASE
30 October 2025
RECOMMENDED CASH ACQUISITION
of
Renold plc ("Renold")
by
MPE Bid Co ("Bidco") a newly-formed corporation indirectly controlled by funds
managed by MPE Mgt. Co., LLC ("MPE")
CANCELLATION OF ADMISSION TO TRADING ON AIM
Further to the announcement by the boards of Renold and Bidco on 29 October
2025 that the Scheme to give effect to the acquisition of Renold by Bidco had
become effective in accordance with its terms, Renold confirms that the
listing of Renold Ordinary Shares and Renold Preference Stock on AIM were each
cancelled with effect from 7.00 a.m. today, 30 October 2025.
This announcement should be read in conjunction with the full text of the
circular in relation to the Court-sanctioned scheme of arrangement under Part
26 of the Companies Act 2006 to implement the Acquisition published on 7 July
2025 (the "Scheme Document"). Capitalised terms used in this announcement
shall, unless otherwise defined, have the same meanings as set out in
the Scheme Document. All references to times in this announcement are
to London, United Kingdom times unless otherwise stated.
Enquiries:
Renold
Robert Purcell +44 (0) 161 498 4500
Jim Haughey
Peel Hunt (financial adviser, nominated adviser & broker to Renold)
Mike Bell +44 20 7418 8900
Ed Allsopp
Sam Cann
Tom Graham
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