REG - Renold PLC - Grant of Options

RenoldAnnouncement

25/07/2023 12:30

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RNS Number : 1343H  Renold PLC  25 July 2023

25 July 2023

 

Renold plc

("Renold", the "Company" or the "Group")

 

Grant of Options

 

 

Renold plc, a leading international supplier of industrial chains and related
power transmission products, announces that Robert Purcell, Chief Executive
Officer and Jim Haughey, Group Finance Director, were granted today 2,264,914
and 730,789 nil cost options over ordinary shares in the Company respectively
(the "Awards"), pursuant to the Company's 2013 Performance Share Plan (the
"Plan").

The performance period applicable to the Awards is a three year period
commencing 1 April 2023. The Awards will vest on 25 July 2026, subject to
achievement of certain performance conditions and the terms of the Plan.

Following the grant of the Awards, the total options over ordinary shares in
the Company held by Robert Purcell and Jim Haughey pursuant to the Plan and
other Company share option plans are as follows:

 

 Director        Options held prior to the Awards  Options granted under the Awards  Total options held
 Robert Purcell  8,941,529                         2,264,914                         11,206,443
 Jim Haughey     2,292,667                         730,789                           3,023,456

 

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  Ordinary shares of  5 pence each

      Identification code

                                                                   GB0007325078
 b)   Nature of the transaction                                    Grant of nil cost options
 c)   Price(s) and                                                 Price(s)                     Volume(s)

      Nil                                                                                       2,264,914
 d)   Aggregated                                                   N/A

      Information

      Aggregated volume

      Price
 e)   Date of transaction                                          25 July 2023

 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  Ordinary shares of  5 pence each

      Identification code

                                                                   GB0007325078
 b)   Nature of the transaction                                    Grant of nil cost options
 c)   Price(s) and                                                 Price(s)                     Volume(s)

      Volume(s)

      Nil                                                                                       730,789
 d)   Aggregated                                                   N/A

      Information

      Aggregated volume

      Price
 e)   Date of transaction                                          25 July 2023

 f)   Place of transaction                                         Outside of a trading platform

 

 

 ENQUIRIES:

Renold plc                           IFC Advisory Limited
 Andrew Batchelor, Company Secretary  Tim Metcalfe
                    Graham Herring
                    renold@investor-focus.co.uk (mailto:renold@investor-focus.co.uk)
 0161 498 4500                        020 3934 6630

 Nominated Adviser and Joint Broker   Joint Broker
 Peel Hunt LLP                        FinnCap 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 (http://www.renold.com)

 

 

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