TIDMRNO

RNS Number : 7263E

Renold PLC

02 March 2020

Renold plc

("Renold" or the "Group")

Director/PDMR Shareholdings

2 March 2020

Renold plc ("Renold" or "the Group"), a leading international supplier of industrial chains and related power transmission products, announces that it has been notified of the following transactions in ordinary shares of 5 pence each in the Company ("Ordinary Shares").

Mark Harper, Non-Executive-Chairman, purchased 350,000 Ordinary Shares in the Company, at an average price of 11.24 pence per share.

Ian Scapens, Group Finance Director, purchased 42,372 Ordinary Shares in the Company, at an average price of 11.80 pence per share.

Following these transactions, Mr Harper and Mr Scapens respective beneficial interest in Ordinary Shares, including the beneficial holdings of persons closely associated with them, are as follows:

 
              No. of Ordinary  Percentage of issued Ordinary 
                       Shares                  Share capital 
Mark Harper         1,056,449                          0.47% 
Ian Scapens           231,952                          0.10% 
 

ENQUIRIES:

 
 Renold plc                             0161 498 4500 
 Robert Purcell, Chief Executive 
 Ian Scapens, Group Finance Director 
 
 Peel Hunt LLP                          020 7418 8900 
 Mike Bell 
 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                                     Mark Harper 
      ---------------------------------------  ------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                          Non-Executive Chairman-PDMR 
      ---------------------------------------  ------------------------------------- 
 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) 
                                                ----------------  ---------------- 
                                                 11.69p            50,000 
                                                ----------------  ---------------- 
                                                 11.46p            50,000 
                                                ----------------  ---------------- 
                                                 11.41p            100,000 
                                                ----------------  ---------------- 
                                                 10.93p            50,000 
                                                ----------------  ---------------- 
                                                 10.88p            100,000 
                                                ----------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      350,000 
 
  - Price                                  11.24p (average) 
 
 e)    Date of the transaction                  28 February 2020 
      ---------------------------------------  ------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ------------------------------------- 
 
 
 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-PDMR 
      ---------------------------------------  ------------------------------------- 
 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) 
                                                ----------------  ---------------- 
                                                 11.80p            42,372 
                                                ----------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      42,372 
 
  - Price                                  11.80p (average) 
 
 e)    Date of the transaction                  2 March 2020 
      ---------------------------------------  ------------------------------------- 
 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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