Director/PDMR Shareholding

RNS Number : 7263E
Renold PLC
02 March 2020
 

Renold plc

("Renold" or the "Group")

 

Director/PDMR Shareholdings

 

2 March 2020

 

Renold plc ("Renold" or "the Group"), a leading international supplier of industrial chains and related power transmission products, announces that it has been notified of the following transactions in ordinary shares of 5 pence each in the Company ("Ordinary Shares").

 

Mark Harper, Non-Executive-Chairman, purchased 350,000 Ordinary Shares in the Company, at an average price of 11.24 pence per share.

 

Ian Scapens, Group Finance Director, purchased 42,372 Ordinary Shares in the Company, at an average price of 11.80 pence per share.

 

Following these transactions, Mr Harper and Mr Scapens respective beneficial interest in Ordinary Shares, including the beneficial holdings of persons closely associated with them, are as follows:

 


No. of Ordinary Shares

Percentage of issued Ordinary Share capital

Mark Harper

1,056,449

0.47%

Ian Scapens

231,952

0.10%

 

 

ENQUIRIES:

 

Renold plc

0161 498 4500

Robert Purcell, Chief Executive


Ian Scapens, Group Finance Director




Peel Hunt LLP

020 7418 8900

Mike Bell


Ed Allsopp




Instinctif Partners

020 7457 2020

Mark Garraway


Rosie Driscoll


 

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:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Harper

2

Reason for the notification

a)

Position/status

Non-Executive Chairman-PDMR

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 of 5 pence each

Identification code

ISIN: GB0007325078

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




11.69p

50,000




11.46p

50,000




11.41p

100,000




10.93p

50,000




10.88p

100,000







d)

 

Aggregated information




- Aggregated volume

350,000



- Price

11.24p (average)



e)

 

Date of the transaction

 

28 February 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ian Scapens

2

Reason for the notification

a)

Position/status

Group Finance Director-PDMR

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 of 5 pence each

Identification code

ISIN: GB0007325078

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




11.80p

42,372







d)

 

Aggregated information




- Aggregated volume

42,372



- Price

11.80p (average)



e)

 

Date of the transaction

 

2 March 2020

f)

 

Place of the transaction

 

London Stock Exchange

 


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