REG - Renold PLC - Director/PDMR Shareholding

RenoldAnnouncement

24/01/2023 15:15

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RNS Number : 7310N  Renold PLC  24 January 2023

 

24 January 2023

 

Renold plc

("Renold" or the "Company")

 

Director/PDMR Shareholding

 

Renold plc, a leading international supplier of industrial chains and related
power transmission products, announces the exercise of share options under the
Company's 2013 Performance Share Plan by Robert Purcell, Chief Executive of
the Company.

 

Robert Purcell exercised nil cost options over 1,065,089 ordinary shares of 5
pence each in the capital of the Company ("Ordinary Shares"). The exercise of
options will be satisfied by the transfer to Mr Purcell of 1,065,089 Ordinary
Shares from the Renold Employee Benefit Trust.

 

Following this transaction, Mr Purcell, including the beneficial holdings of
persons closely associated with him, has an interest in 5,808,878 Ordinary
Shares, representing 2.58% of the Company's issued ordinary share capital.

 

ENQUIRIES:

 Renold plc                           0161 498 4500
 Robert Purcell, Chief Executive
 Jim Haughey, Group Finance Director

 Peel Hunt LLP (Nominated Adviser and Joint Broker)                 020 7418 8900
 Mike Bell
 Ed Allsopp

 finnCap Limited (Joint Broker)                                     020 7220 0500
 Ed Frisby / Tim Harper (Corporate Finance)
 Andrew Burdis / Harriet Ward (ECM)

 IFC Advisory Limited (Financial PR and IR)                         020 3934 6630
 Tim Metcalfe                                                       renold@investor-focus.co.uk
 Graham Herring

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 (http://www.renold.com)

 

 

The information below (set out in accordance with the requirements of EU
Market Abuse Regulation) provides further detail:

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Robert Purcell
 2    Reason for the notification
 a)   Position/status                                              Chief Executive
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Renold plc

 b)   LEI                                                          213800LNDGJY65SP6P54

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary Shares

      Identification code                                          ISIN: GB0007325078
 b)   Nature of the transaction                                    Exercise of nil cost Company Share Option Plan options (granted in 2016) over
                                                                   Ordinary Shares in Renold Plc
 c)   Price(s) and volume(s)

                                                                                         Exercise Price        Volume
                                                                                         Nil                   1,065,089

 d)   Aggregated information

      - Aggregated volume                                          1,065,089 Ordinary Shares

      - Price                                                       Nil

 e)   Date of the transaction                                        24 January 2023

 f)   Place of the transaction                                     Outside of a trading platform

 

 

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