REG - Renold PLC - Grant of Options
RNS Number : 4303GRenold PLC26 July 202126 July 2021
Renold plc
("Renold", the "Company" or the "Group")
Grant of Options
Renold announces that Robert Purcell, Chief Executive Officer, and Jim Haughey, Group Finance Director, were granted 2,480,000 and 800,000 nil cost options (the "Awards") respectively on 23 July 2021, pursuant to the 2013 Performance Share Plan (the "Plan").
The performance period applicable to the Awards is a three year period commencing on 1 April 2021. The Awards will vest on 23 July 2024, subject to the achievement of certain performance conditions and the terms of the Plan.
Following the grant of the Awards, the total options held by Robert Purcell and Jim Haughey, including options under other Company share plans are as follows:
Director
Options held prior to the Awards
Options granted under the Awards
Total options held
Robert Purcell
6,111,656
2,480,000
8,591,656
Jim Haughey
666,667
800,000
1,466,667
The notifications below, made in accordance with the requirements of Article 19 of the 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 Officer
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 transactions(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
Identification code
Ordinary shares of 5 pence each
GB0007325078
b)
Nature of the transaction
Grant of a nil cost options
c)
Price(s) and
Volume(s)
Price(s)
Volume(s)
Nil
2,480,000
d)
Aggregated
Information
Aggregated volume
Price
N/A
e)
Date of transaction
23 July 2021
f)
Place of transaction
Outside of a trading platform
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jim Haughey
2
Reason for the notification
a)
Position/Status
Group Finance Director
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 transactions(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
Identification code
Ordinary shares of 5 pence each
GB0007325078
b)
Nature of the transaction
Grant of a nil cost options
c)
Price(s) and
Volume(s)
Price(s)
Volume(s)
Nil
800,000
d)
Aggregated
Information
Aggregated volume
Price
N/A
e)
Date of transaction
23 July 2021
f)
Place of transaction
Outside of a trading platform
ENQUIRIES:
Renold plc
0161 498 4500
Robert Purcell, Chief Executive
Jim Haughey, Group Finance Director
Peel Hunt
0207 418 8831
Mike Bell
Ed Allsopp
IFC Advisory Limited
Tim Metcalfe
Graham Herring
020 3934 6630
renold@investor-focus.co.uk
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 reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, metals and mining.
Further information about Renold can be found on their website at: www.renold.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHGRGDRSUDDGBL
Recent news on Renold
See all newsREG - Renold PLC - Preference Stock Dividend
AnnouncementRCS - Renold PLC - Renold Renew Partnership with British Cycling
AnnouncementREG - Renold PLC - Contract Win
AnnouncementREG - Renold PLC Premier Miton Group - Holding(s) in Company
AnnouncementREG - Renold PLC - Trading update for the year ended 31 March 2024
Announcement