Renold PLC Grant of Options

RNS Number : 2645Y

Renold PLC

29 July 2024

 

29 July 2024

 

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 1,277,366 and 412,520 nil cost options over ordinary shares in the Company respectively (the "Awards"), pursuant to the Company's 2013 Performance Share Plan (the "Plan") on 26 July 2024.

The performance period applicable to the Awards is a three year period commencing 1 April 2024. The Awards will vest on 26 July 2027, 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 prior to the Awards	Options granted under the Awards	Total options held
Robert Purcell	11,206,443	1,277,366	12,483,809
Jim Haughey	3,023,456	412,520	3,435,976

 

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 / amendment	Initial Notification
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 of the financial instrument, type of instrument   Identification code	Ordinary shares of  5 pence each       GB0007325078
b)	Nature of the transaction	Grant of nil cost options
c)	Price(s) and	Price(s)	Volume(s)
		Nil	1,277,366
d)	Aggregated Information   Aggregated volume   Price	N/A
e)	Date of transaction	26 July 2024
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 / amendment	Initial Notification
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 of the financial instrument, type of instrument   Identification code	Ordinary shares of  5 pence each       GB0007325078
b)	Nature of the transaction	Grant of nil cost options
c)	Price(s) and Volume(s)	Price(s)	Volume(s)
		Nil	412,520
d)	Aggregated Information   Aggregated volume   Price	N/A
e)	Date of transaction	26 July 2024
f)	Place of transaction	Outside of a trading platform

 

 

 

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

 

ENQUIRIES:

 

Renold plc	0161 498 4500
Robert Purcell, Chief Executive
Jim Haughey, Group Finance Director

Peel Hunt LLP (Nominated Adviser and Joint Broker)			020 7418 8900
Mike Bell
Ed Allsopp
Cavendish Capital Markets Limited (Joint Broker)			020 7220 0500
Ed Frisby / Tim Harper (Corporate Finance)
Andrew Burdis / Harriet Ward (ECM)
IFC Advisory Limited (Financial PR and IR)			020 3934 6630
Tim Metcalfe			[e-mail]
Graham Herring

 

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END

 

 

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