Renold PLC Director/PDMR Shareholding (0769F)

TIDMRNO

RNS Number : 0769F

Renold PLC

10 July 2019

Renold plc

DIRECTOR'S PURCHASE OF SHARES

10 July 2019

Renold plc ("Renold" or "the Group"), a leading international supplier of industrial chains and related power transmission products, today issues the following statement.

Renold announces that Mark Harper, Non-Executive-Chairman, notified the Company on 09 July 2019 of the following purchase of ordinary shares of 5p in the Company ("Ordinary Shares"). The shares were purchased by Mandy Jane Harper, a person closely associated with Mark Harper:

 
                      Date of purchase    No. of Ordinary   Price 
                                           Shares 
 Mandy Jane Harper    09 July 2019        95,000            25.44p 
 Mandy Jane Harper    09 July 2019        3,000             25.38p

Following this purchase, Mark Harper's beneficial interest in the Ordinary Shares, including the beneficial holdings of persons closely associated with him, is as follows:

 
                No. of Ordinary   Percentage of issued Ordinary 
                 Shares            Share capital 
 Mark Harper    706,449           0.31%

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

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Mandy Jane Harper 
      ---------------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                          PCA with Mark Harper (Non-Executive 
                                                 Chairman) 
      ---------------------------------------  ----------------------------------------- 
 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 of the                       Ordinary Shares of 5 pence each 
        financial instrument, 
        type of instrument 
       Identification code                      ISIN: GB0007325078 
      ---------------------------------------  ----------------------------------------- 
 b)    Nature of the transaction                Purchase of Ordinary Shares 
      ---------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ------------------  ------------------ 
                                                 Price(s)            Volume(s) 
                                                ------------------  ------------------ 
                                                 25.44p              95,000 
                                                ------------------  ------------------ 
                                                 25.38p              3,000 
                                                ------------------  ------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                      98,000 
 
  - Price                                  25.44p (average) 
 
 e)    Date of the transaction                  9 July 2019 
      ---------------------------------------  ----------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  -----------------------------------------

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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