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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.80 | 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 |
TIDMRNO
RNS Number : 4303G
Renold PLC
26 July 2021
26 July 2021
Renold plc
("Renold", the "Company" or the "Group")
Grant of Options
Renold announces that Robert Purcell, Chief Executive Officer, and Jim Haughey, Group Finance Director, were granted 2,480,000 and 800,000 nil cost options (the "Awards") respectively on 23 July 2021, pursuant to the 2013 Performance Share Plan (the "Plan").
The performance period applicable to the Awards is a three year period commencing on 1 April 2021. The Awards will vest on 23 July 2024, subject to the achievement of certain performance conditions and the terms of the Plan.
Following the grant of the Awards, the total options held by Robert Purcell and Jim Haughey, including options under other Company share plans are as follows:
Director Options held Options granted Total options prior to the under the Awards held Awards ---------------- -------------- ------------------ -------------- Robert Purcell 6,111,656 2,480,000 8,591,656 Jim Haughey 666,667 800,000 1,466,667
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 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 a nil cost options transaction ---------------------------------- ----------------------------------- c) Price(s) and Price(s) Volume(s) Volume(s) ---------------------------------- ----------------- ---------------- Nil 2,480,000 --------------------------------------------------------- ---------------- d) Aggregated N/A Information Aggregated volume Price ---------------------------------- ----------------------------------- e) Date of transaction 23 July 2021 ---------------------------------- ----------------------------------- 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 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 a nil cost options transaction ---------------------------------- ----------------------------------- c) Price(s) and Price(s) Volume(s) Volume(s) ---------------------------------- ----------------- ---------------- Nil 800,000 --------------------------------------------------------- ---------------- d) Aggregated N/A Information Aggregated volume Price ---------------------------------- ----------------------------------- e) Date of transaction 23 July 2021 ---------------------------------- ----------------------------------- f) Place of transaction Outside of a trading platform ---------------------------------- -----------------------------------
ENQUIRIES:
Renold plc 0161 498 4500 Robert Purcell, Chief Executive Jim Haughey, Group Finance Director Peel Hunt 0207 418 8831 Mike Bell Ed Allsopp IFC Advisory Limited 020 3934 6630 Tim Metcalfe renold@investor-focus.co.uk 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 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
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(END) Dow Jones Newswires
July 26, 2021 03:55 ET (07:55 GMT)
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