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

 

Identification code

Ordinary shares of  5 pence each

 

 

 

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

Information

 

Aggregated volume

 

Price

N/A

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

 

Identification code

Ordinary shares of  5 pence each

 

 

 

GB0007325078

b)

Nature of the transaction

Grant of nil cost options

c)

Price(s) and

Volume(s)

 

Price(s)

Volume(s)

Nil

730,789

d)

Aggregated

Information

 

Aggregated volume

 

Price

N/A

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

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBBGDRBBDDGXU