Renold PLC Result of General Meeting (3999Y)

TIDMRNO

RNS Number : 3999Y

Renold PLC

08 May 2019

Renold plc

("Renold", "the Company" or "the Group")

Result of General Meeting

8 May 2019

Renold, a leading international supplier of industrial chains and related power transmission products, today announces that, at the General Meeting held earlier today, the two special resolutions put to the meeting were passed.

The result of the poll in relation to the resolutions was as follows:

 
 Resolution                  For         %     Against    %     Votes Total     % of     Withheld 
                                                                               issued 
                                                                                share 
                                                                               capital 
                                                                                voted 
 1.To amend the 
  borrowing powers 
  in the articles 
  of association 
  of the Company         148,018,277   99.90   143,202   0.10   148,161,479   65.73      6,611 
                        ------------  ------  --------  -----  ------------  ---------  --------- 
 2.To authorise 
  the cancellation 
  of the listing 
  of the ordinary 
  shares and the 
  preference stock 
  on the Main Market 
  and to authorise 
  the admission of 
  the ordinary shares 
  and preference 
  stock to trading 
  on AIM                 148,002,968   99.89   160,607   0.11   148,163,575   65.73      4,515 
                        ------------  ------  --------  -----  ------------  ---------  ---------

Note -

A vote "Withheld" is not a vote in law and is not counted towards the votes cast "For" or "Against" a resolution.

In accordance with Listing Rule 9.6.2R, a copy of the special resolutions passed at the General Meeting will be submitted to the National Storage Mechanism where they will shortly be available at www.morningstar.co.uk/uk/nsm.

Following the passing of the resolution to approve the transfer to AIM, the Company expects to make an application to cancel the listing of the Ordinary Shares and Preference Stock on the Main Market ("Cancellation") and seek admission of the Ordinary Shares and Preference Stock to trading on AIM ("Admission"). The Cancellation is expected to become effective at 8.00 a.m. on 6 June 2019 and Admission is expected to become effective at 8.00 a.m. on the same date, 6 June 2019.

Unless otherwise defined herein, capitalised terms in this announcement have the same meaning as in the shareholder circular published on 11 April 2019 available on the Company's website at www.renold.com.

ENQUIRIES:

 
 Renold plc                             0161 498 4500 
 Robert Purcell, Chief Executive 
 Ian Scapens, Group Finance Director 
 
 Peel Hunt LLP                          020 7418 8900 
 Mike Bell 
  Ross Allister 
 Ed Allsopp 
 
 Instinctif Partners                    020 7457 2020 
 Mark Garraway 
 Rosie Driscoll

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

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.

END

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