Renold PLC Director/PDMR Shareholding (7310N)
24 Enero 2023 - 9:09AM
UK Regulatory
TIDMRNO
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
The information below (set out in accordance with the
requirements of EU 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
----------------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Renold plc
----------------------------------- ---------------------------------------------
b) LEI 213800LNDGJY65SP6P54
----------------------------------- ---------------------------------------------
Details of the transaction(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 of the Ordinary Shares
financial instrument,
type of instrument
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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END
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January 24, 2023 10:09 ET (15:09 GMT)
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