TIDMRNO

RNS Number : 7664Z

Renold PLC

22 September 2020

Renold plc

("Renold" or the "Group")

Director/PDMR Shareholdings

22 September 2020

Renold plc, a leading international supplier of industrial chains and related power transmission products, announces that it has been notified that Robert Purcell, Chief Executive, has purchased 390,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares"), 90,000 of which were purchased in his wife's name.

Following this transaction, Mr Purcell's beneficial interest in Ordinary Shares, including the beneficial holdings of persons closely associated with him, is as follows:

 
                 No. of Ordinary Shares   Percentage of issued 
                                          Ordinary Share capital 
Robert Purcell                4,743,789                    2.10% 
 

ENQUIRIES:

 
 Renold plc                         0161 498 4500 
 Robert Purcell, Chief Executive 
 
 
 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                                     Robert Purcell 
      ---------------------------------------  ------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                          Chief Executive 
      ---------------------------------------  ------------------------------------- 
 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) 
                                                ----------------  ---------------- 
                                                 9.60p             30,000 
                                                ----------------  ---------------- 
                                                 9.60p             100,000 
                                                ----------------  ---------------- 
                                                 9.43p             30,000 
                                                ----------------  ---------------- 
                                                 9.43p             25,000 
                                                ----------------  ---------------- 
                                                 9.43p             10,000 
                                                ----------------  ---------------- 
                                                 9.43p             25,000 
                                                ----------------  ---------------- 
                                                 9.43p             30,000 
                                                ----------------  ---------------- 
                                                 9.50p             50,000 
                                                ----------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      300,000 
 
  - Price                                   9.51 pence (average) 
 
 e)    Date of the transaction                    18 September 2020 
      ---------------------------------------  ------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Anna Purcell 
      ---------------------------------------  ------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                          PCA of 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) 
                                                ----------------  ---------------- 
                                                 9.44p             30,000 
                                                ----------------  ---------------- 
                                                 9.44p             30,000 
                                                ----------------  ---------------- 
                                                 9.43p             30,000 
                                                ----------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      90,000 
 
  - Price                                   9.44 pence (average) 
 
 e)    Date of the transaction                   18 September 2020 
      ---------------------------------------  ------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ------------------------------------- 
 

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September 22, 2020 10:20 ET (14:20 GMT)