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RNS Number : 1343H Renold PLC 25 July 2023
25 July 2023
Renold plc
("Renold", the "Company" or the "Group")
Grant of Options
Renold plc, a leading international supplier of industrial chains and related
power transmission products, announces that Robert Purcell, Chief Executive
Officer and Jim Haughey, Group Finance Director, were granted today 2,264,914
and 730,789 nil cost options over ordinary shares in the Company respectively
(the "Awards"), pursuant to the Company's 2013 Performance Share Plan (the
"Plan").
The performance period applicable to the Awards is a three year period
commencing 1 April 2023. The Awards will vest on 25 July 2026, subject to
achievement of certain performance conditions and the terms of the Plan.
Following the grant of the Awards, the total options over ordinary shares in
the Company held by Robert Purcell and Jim Haughey pursuant to the Plan and
other Company share option plans are as follows:
Director Options held prior to the Awards Options granted under the Awards Total options held
Robert Purcell 8,941,529 2,264,914 11,206,443
Jim Haughey 2,292,667 730,789 3,023,456
The notifications below, made in accordance with the requirements of Article
19 of the 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 Officer
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 transactions(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
GB0007325078
b) Nature of the transaction Grant of nil cost options
c) Price(s) and Price(s) Volume(s)
Nil 2,264,914
d) Aggregated N/A
Information
Aggregated volume
Price
e) Date of transaction 25 July 2023
f) Place of transaction Outside of a trading platform
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jim Haughey
2 Reason for the notification
a) Position/Status Group Finance Director
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 transactions(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
GB0007325078
b) Nature of the transaction Grant of nil cost options
c) Price(s) and Price(s) Volume(s)
Volume(s)
Nil 730,789
d) Aggregated N/A
Information
Aggregated volume
Price
e) Date of transaction 25 July 2023
f) Place of transaction Outside of a trading platform
ENQUIRIES:
Renold plc IFC Advisory Limited
Andrew Batchelor, Company Secretary Tim Metcalfe
Graham Herring
renold@investor-focus.co.uk (mailto:renold@investor-focus.co.uk)
0161 498 4500 020 3934 6630
Nominated Adviser and Joint Broker Joint Broker
Peel Hunt LLP FinnCap Limited
Mike Bell Ed Frisby (Corporate Finance)
Ed Allsopp Andrew Burdis / Harriet Ward (ECM)
020 7418 8900 020 7220 0500
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 (http://www.renold.com)
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