Cancellation of Admission to Trading on AIM
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
FOR IMMEDIATE RELEASE
30 October 2025
RECOMMENDED CASH ACQUISITION
of
Renold plc ("Renold")
by
MPE Bid Co ("Bidco") a newly-formed corporation indirectly controlled by funds managed by MPE Mgt. Co., LLC ("MPE")
CANCELLATION OF ADMISSION TO TRADING ON AIM
Further to the announcement by the boards of Renold and Bidco on 29 October 2025 that the Scheme to give effect to the acquisition of Renold by Bidco had become effective in accordance with its terms, Renold confirms that the listing of Renold Ordinary Shares and Renold Preference Stock on AIM were each cancelled with effect from 7.00 a.m. today, 30 October 2025.
This announcement should be read in conjunction with the full text of the circular in relation to the Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 to implement the Acquisition published on 7 July 2025 (the "Scheme Document"). Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Document. All references to times in this announcement are to London, United Kingdom times unless otherwise stated.
Enquiries:
|
Renold |
|
|
Robert Purcell Jim Haughey |
+44 (0) 161 498 4500 |
|
Peel Hunt (financial adviser, nominated adviser & broker to Renold) |
|
|
Mike Bell Ed Allsopp Sam Cann Tom Graham |
+44 20 7418 8900
|
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