Notification of transactions

RNS Number : 1717M

Renold PLC

23 January 2009

 



RENOLD PLC

23 January 2009

1. Name of the issuer

RENOLD PLC ('Renold' or the 'Company')

2. Nature of notification

Notification of transactions of Directors/Persons discharging managerial responsibility and their connected persons

3. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

25P ORDINARY SHARES

4. Holding

12,937,500 representing 16.79% of the Company

5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

VIDACOS NOMINEES LIMITED - 12,937,500 SHARES ON BEHALF OF HANOVER I MASTER FUND LP (PREVIOUSLY HANOVER I MASTER FUND LP AND HANOVER I FUND LP)

6. Notification

Hanover I Master Fund LP ('HMF') has, as a connected person of Matthew Peacock, a director of Renold, on 2 January 2008 notified its interest in 12,937,500 25P ORDINARY SHARES (the 'Shares') of the Company.  HMF hereby gives further notice that, in line with standard market practice, the Shares are subject to a charge in favour of a prime broker (UBS AG) under the terms of a customary prime brokerage agreement. This notification is made in light of the FSA's statement of 9 January 2009 relating to the disclosure obligations of persons discharging managerial responsibilities and their connected persons who grant security over their shareholdings in an issuer.

  7. Date issuer informed of transaction

22 January 2009

8. Name of contact and telephone number for queries

Hanover Investors Management LLP	020 77668408
Michael Smith
Renold Plc	0161 498 4500
Peter Bream
College Hill
Adam Aljewicz	020 7457 2020

Name of duly authorised officer of issuer responsible for making

Notification

Peter Bream - Group Finance Director

Date of notification

23 January 2009

 

END

 

 

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