TIDMRNO

RNS Number : 0118A

Renold PLC

20 September 2022

20 September 2022

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 today granted 2,560,000 and 860,000 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 2022. The Awards will vest on 31 March 2025, 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     Options granted   Total options 
                    prior to the    under the Awards            held 
                          Awards 
 Robert Purcell        8,591,656           2,560,000      11,151,656 
                  --------------  ------------------  -------------- 
 Jim Haughey           1,466,667             860,000       2,326,667 
                  --------------  ------------------  -------------- 
 

The notifications below, made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further detail:

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                Robert Purcell 
      ----------------------------------  ----------------------------------- 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------- 
 a)    Position/Status                     Chief Executive Officer 
      ----------------------------------  ----------------------------------- 
 b)    Initial notification                Initial Notification 
        / amendment 
      ----------------------------------  ----------------------------------- 
       Details of the issuer, emission allowance market 
  3     participant, auction platform, auctioneer or auction 
        monitor 
      ----------------------------------------------------------------------- 
 a)    Name                                Renold Plc 
      ----------------------------------  ----------------------------------- 
 b)    LEI                                 213800LNDGJY65SP6P54 
      ----------------------------------  ----------------------------------- 
       Details of transactions(s): section to be repeated 
  4     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                         Ordinary shares of 5 pence each 
        of the financial 
        instrument, 
        type of instrument 
                                            GB0007325078 
        Identification 
        code 
      ----------------------------------  ----------------------------------- 
 b)    Nature of the                       Grant of nil cost options 
        transaction 
      ----------------------------------  ----------------------------------- 
 c)    Price(s) and                        Price(s)           Volume(s) 
        Volume(s) 
      ----------------------------------  -----------------  ---------------- 
   Nil                                                        2,560,000 
  ---------------------------------------------------------  ---------------- 
 d)    Aggregated                          N/A 
        Information 
 
        Aggregated volume 
 
        Price 
      ----------------------------------  ----------------------------------- 
 e)    Date of transaction                 20 September 2022 
      ----------------------------------  ----------------------------------- 
 f)    Place of transaction                Outside of a trading platform 
      ----------------------------------  ----------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                Jim Haughey 
      ----------------------------------  ----------------------------------- 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------- 
 a)    Position/Status                     Group Finance Director 
      ----------------------------------  ----------------------------------- 
 b)    Initial notification                Initial Notification 
        / amendment 
      ----------------------------------  ----------------------------------- 
       Details of the issuer, emission allowance market 
  3     participant, auction platform, auctioneer or auction 
        monitor 
      ----------------------------------------------------------------------- 
 a)    Name                                Renold Plc 
      ----------------------------------  ----------------------------------- 
 b)    LEI                                 213800LNDGJY65SP6P54 
      ----------------------------------  ----------------------------------- 
       Details of transactions(s): section to be repeated 
  4     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                         Ordinary shares of 5 pence each 
        of the financial 
        instrument, 
        type of instrument 
                                            GB0007325078 
        Identification 
        code 
      ----------------------------------  ----------------------------------- 
 b)    Nature of the                       Grant of nil cost options 
        transaction 
      ----------------------------------  ----------------------------------- 
 c)    Price(s) and                        Price(s)           Volume(s) 
        Volume(s) 
      ----------------------------------  -----------------  ---------------- 
   Nil                                                        860,000 
  ---------------------------------------------------------  ---------------- 
 d)    Aggregated                          N/A 
        Information 
 
        Aggregated volume 
 
        Price 
      ----------------------------------  ----------------------------------- 
 e)    Date of transaction                 20 September 2022 
      ----------------------------------  ----------------------------------- 
 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 
  0161 498 4500                         020 3934 6630 
 
  Nominated Adviser and Joint Broker    Joint Broker 
  Peel Hunt LLP                         FinnCap Limited 
  Mike Bell                             Ed Frisby / Tim Harper 
   Ed Allsopp                            (Corporate Finance) 
                                        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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END

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September 20, 2022 07:34 ET (11:34 GMT)

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