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 |
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| Jim Haughey, Group Finance Director
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| Peel Hunt LLP (Nominated Adviser and Joint Broker) | 020 7418 8900 |
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| Mike Bell |
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| Ed Allsopp |
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| finnCap Limited (Joint Broker) | 020 7220 0500 |
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| Ed Frisby / Tim Harper (Corporate Finance) |
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| Andrew Burdis / Harriet Ward (ECM) |
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| IFC Advisory Limited (Financial PR and IR) | 020 3934 6630 |
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| Tim Metcalfe | renold@investor-focus.co.uk |
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| Graham Herring |
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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
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| b) | LEI | 213800LNDGJY65SP6P54
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| 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 | | |||
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| - 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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