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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 : 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 Options granted Total options held prior to the under the Awards Awards 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:
Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Robert Purcell ---------------------------------- ----------------------------------- Reason for the notification 2 ----------------------------------------------------------------------- a) Position/Status Chief Executive Officer ---------------------------------- ----------------------------------- b) Initial notification Initial Notification / amendment ---------------------------------- ----------------------------------- Details of the issuer, emission allowance market 3 participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Renold Plc ---------------------------------- ----------------------------------- b) LEI 213800LNDGJY65SP6P54 ---------------------------------- ----------------------------------- Details of transactions(s): section to be repeated 4 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 nil cost options transaction ---------------------------------- ----------------------------------- c) Price(s) and Price(s) Volume(s) ---------------------------------- ----------------- ---------------- Nil 2,264,914 --------------------------------------------------------- ---------------- d) Aggregated N/A Information Aggregated volume Price ---------------------------------- ----------------------------------- e) Date of transaction 25 July 2023 ---------------------------------- ----------------------------------- f) Place of transaction Outside of a trading platform ---------------------------------- ----------------------------------- Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Jim Haughey ---------------------------------- ----------------------------------- Reason for the notification 2 ----------------------------------------------------------------------- a) Position/Status Group Finance Director ---------------------------------- ----------------------------------- b) Initial notification Initial Notification / amendment ---------------------------------- ----------------------------------- Details of the issuer, emission allowance market 3 participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Renold Plc ---------------------------------- ----------------------------------- b) LEI 213800LNDGJY65SP6P54 ---------------------------------- ----------------------------------- Details of transactions(s): section to be repeated 4 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 nil cost options transaction ---------------------------------- ----------------------------------- c) Price(s) and Price(s) Volume(s) Volume(s) ---------------------------------- ----------------- ---------------- Nil 730,789 --------------------------------------------------------- ---------------- d) Aggregated N/A Information Aggregated volume Price ---------------------------------- ----------------------------------- 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
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(END) Dow Jones Newswires
July 25, 2023 07:15 ET (11:15 GMT)
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