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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.60 | 1.26% | 48.40 | 47.50 | 48.10 | 48.80 | 47.90 | 48.80 | 687,280 | 16:29:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 247.1M | 11.8M | 0.0523 | 9.25 | 109.1M |
TIDMRNO
RNS Number : 6516U
Renold PLC
19 January 2017
Renold plc
("Renold" or "the Company")
GRANT OF AWARDS - PERFORMANCE SHARE PLAN
Renold announces that nil cost options over 368,465 shares (the "Award") were granted on 16 January 2017, under the 2013 Performance Share Plan to its Group Finance Director, Ian Scapens.
The number of shares under the Award was based on the average mid-market price for the preceding three days which was 50.21 pence.
The performance period applicable to the Award is 1 April 2016 to 31 March 2019. The performance criteria for the vesting of the Award is as follows:
Compound Annual Growth Rate in adjusted earnings per share ('adjusted EPS'). ----------------------------------------- ---- Entry level threshold - 25% of awards vest 10% ----------------------------------------- ---- Maximum vesting - 100% of awards vest 15% ----------------------------------------- ----
Between these two points awards vest on a linear basis. The starting measurement point is the adjusted EPS figure for the year ended 31 March 2016.
19 January 2017
ENQUIRIES:
Renold plc 0161 498 4500 Robert Purcell, Chief Executive Officer Ian Scapens, Group Finance Director Arden Partners 020 7614 5929 Chris Hardie Instinctif 020 7457 2020 Mark Garraway Helen Tarbet
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 its website at: www.renold.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated --- ------------------------------------------------------------------------ a) Name Ian Scapens --- --------------------- ------------------------------------------------- 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 the transaction(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 Nil cost options over Ordinary Shares of GBP0.05 of the financial ISIN: GB0007325078 instrument, type of instrument Identification code --- --------------------- ------------------------------------------------- b) Nature of the Grant of options transaction --- --------------------- ------------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ---------- ---------- Nil Cost Options 368,465 ---------- ---------- --- --------------------- ------------------------------------------------- d) Aggregated information N/A - single transaction - Aggregated volume - Price --- --------------------- ------------------------------------------------- e) Date of the 16 January 2017 transaction --- --------------------- ------------------------------------------------- f) Place of the London Stock Exchange (XLON) transaction --- --------------------- -------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 19, 2017 10:08 ET (15:08 GMT)
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