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RNO Renold Plc

55.40
0.80 (1.47%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renold Plc LSE:RNO London Ordinary Share GB0007325078 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 1.47% 55.40 55.60 57.60 56.60 49.20 54.20 4,638,931 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 247.1M 11.8M 0.0523 10.63 123.08M

Renold PLC Capital Reduction (0913A)

27/05/2021 4:02pm

UK Regulatory


Renold (LSE:RNO)
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RNS Number : 0913A

Renold PLC

27 May 2021

27 May 2021

Renold plc

("Renold" or the "Group")

Capital Reduction

Renold, a leading international supplier of industrial chains and related power transmission products, announces the completion of the Capital Reduction, as described in the Notice of General Meeting (which is available on Renold's website at investors.renold.com) and as approved by shareholders at the General Meeting held on 15 April 2021. The order of the High Court confirming the Capital Reduction and the statement of capital approved by the High Court in connection therewith were registered by the Registrar of Companies earlier today, whereupon the Capital Reduction became effective.

Total Voting Rights

Renold confirms that, following the Capital Reduction, the Company's issued share capital consists of 225,417,740 ordinary shares of 5p each, all carrying one vote each, and 580,482 units of 6 per cent. cumulative preference stock of GBP1 each carrying no voting rights. The Company does not hold any shares in treasury. Accordingly, the total voting rights in the Company are 225,417,740 ordinary shares.

The figure of 225,417,740 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Capitalised terms not otherwise defined in this announcement have the same meaning ascribed to them in the Company's Notice of General Meeting dated 29 March 2021.

 
 Renold plc                             0161 498 4500 
 Robert Purcell, Chief Executive 
 Jim Haughey, Group Finance Director 
 Peel Hunt LLP                          020 7418 8900 
 Mike Bell 
 Ed Allsopp 
 IFC Advisory Limited                   020 3934 6630 
 Tim Metcalfe 
 Graham Herring 
 

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

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(END) Dow Jones Newswires

May 27, 2021 11:02 ET (15:02 GMT)

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