Director/PDMR Shareholding

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			[e-mail]
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:

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
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
	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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