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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.30 | -0.62% | 47.80 | 47.50 | 47.80 | 48.00 | 46.00 | 48.00 | 639,935 | 16:25:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 247.1M | 11.8M | 0.0523 | 9.14 | 107.75M |
TIDMRNO
RNS Number : 3960U
Renold PLC
22 November 2019
Renold plc
("Renold" or the "Group")
Grant of Award - Performance Share Plan
22 November 2019
Renold announces that its Chief Executive Officer, Robert Purcell, was today granted 1,834,862 nil cost options (the "Award") under the 2013 Performance Share Plan (the "Plan").
The number of shares granted under the Award has been calculated using an average share price of 32.7 pence per share.
The performance period applicable to the Award is for three years commencing on 1 April 2019. The Award will vest on 21 November 2022, subject to achievement of earnings per share performance conditions and the rules of the Plan.
The notification below, made in accordance with the requirements of Article 7 of the 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 Officer ---------------------------------- --------------------------------------------- b) Initial notification Initial Notification / amendment ---------------------------------- --------------------------------------------- 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 Ordinary shares of 5 pence each of the financial instrument, type of instrument GB0007325078 Identification code ---------------------------------- --------------------------------------------- b) Nature of the Grant of awards pursuant to the Company's transaction 2013 performance share plan ---------------------------------- --------------------------------------------- c) Price(s) and Price(s) Volume(s) Volume(s) ---------------------------------- ---------------------- --------------------- Nil 1,834,862 -------------------------------------------------------------- --------------------- d) Aggregated N/A Information Aggregated volume Price ---------------------------------- --------------------------------------------- e) Date of transaction 22 November 2019 ---------------------------------- --------------------------------------------- f) Place of transaction Off market ---------------------------------- ---------------------------------------------
ENQUIRIES:
Renold plc Peel Hunt LLP Instinctif Partners Robert Purcell, CEO Mike Bell Mark Garraway Ian Scapens, Group FD Ed Allsopp Rosie Driscoll Tel: 0161 498 4500 Tel: 020 7418 8900 Tel: 020 7457 2020
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 reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, metals and mining.
Further information about Renold can be found on their 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.
END
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(END) Dow Jones Newswires
November 22, 2019 10:00 ET (15:00 GMT)
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