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
  1.90 8.24% 24.95 24.10 25.80 26.00 24.00 24.00 376,825 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 165.3 5.9 1.7 14.7 56

Renold PLC Grant of Awards -- Performance Share Plan

16/11/2020 7:00am

UK Regulatory (RNS & others)

Renold (LSE:RNO)
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RNS Number : 3284F

Renold PLC

16 November 2020

Renold plc

("Renold" or the "Group")

Grant of Awards - Performance Share Plan

16 November 2020

Renold announces that its new Group Finance Director, Jim Haughey, was granted 666,667 nil cost options (the "Award") under the 2013 Performance Share Plan (the "Plan") on 13 November 2020.

The performance period applicable to the Awards is for a three year period commencing on 1 April 2020. The awards will vest on 13 November 2023, subject to achievement of certain performance conditions and the terms 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                                James (Jim) Haughey 
      ----------------------------------  ------------------------------------------------- 
 2     Reason for the notification 
 a)    Position/Status                     Group Finance Director 
      ----------------------------------  ------------------------------------------------- 
 b)    Initial notification                Initial Notification 
        / amendment 
      ----------------------------------  ------------------------------------------------- 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or auction 
 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 
        type of instrument 
      ----------------------------------  ------------------------------------------------- 
 b)    Nature of the                       Grant of a nil cost award under the 
        transaction                         company's 2013 performance share plan 
                                            as a conditional award of shares subject 
                                            to continued service and certain performance 
                                            based criteria being achieved. Ordinarily 
                                            vests over a 3 year period. 
      ----------------------------------  ------------------------------------------------- 
 c)    Price(s) and                        Price(s)                  Volume(s) 
      ----------------------------------  ------------------------  ----------------------- 
   Nil                                                               666,667 
  ----------------------------------------------------------------  ----------------------- 
 d)    Aggregated                          N/A 
        Aggregated volume 
      ----------------------------------  ------------------------------------------------- 
 e)    Date of transaction                 13 November 2020 
      ----------------------------------  ------------------------------------------------- 
 f)    Place of transaction                Outside of a trading platform 
      ----------------------------------  ------------------------------------------------- 


 Renold plc                             0161 498 4500 
 Robert Purcell, Chief Executive 
 Jim Haughey, Group Finance Director 
 Peel Hunt                              0207 418 8831 
 Mike Bell 
  Ed Allsopp 
 Instinctif Partners                    0207 457 2020 
 Mark Garraway 
 Rosie Driscoll 


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.

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(END) Dow Jones Newswires

November 16, 2020 02:00 ET (07:00 GMT)

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