Renold PLC Grant of Awards -- Performance Share Plan (3284F)
November 16 2020 - 2:00AM
UK Regulatory
TIDMRNO
RNS Number : 3284F
Renold PLC
16 November 2020
Renold plc
("Renold" or the "Group")
Grant of Awards - Performance Share Plan
16 November 2020
Renold announces that its new Group Finance Director, Jim
Haughey, was granted 666,667 nil cost options (the "Award") under
the 2013 Performance Share Plan (the "Plan") on 13 November
2020.
The performance period applicable to the Awards is for a three
year period commencing on 1 April 2020. The awards will vest on 13
November 2023, subject to achievement of certain performance
conditions and the terms of the Plan.
The notification below, made in accordance with the requirements
of Article 7 of the EU Market Abuse Regulation, provides further
detail:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James (Jim) Haughey
---------------------------------- -------------------------------------------------
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 transactions(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 Ordinary shares of 5 pence each
of the financial
instrument,
type of instrument
GB0007325078
Identification
code
---------------------------------- -------------------------------------------------
b) Nature of the Grant of a nil cost award under the
transaction company's 2013 performance share plan
as a conditional award of shares subject
to continued service and certain performance
based criteria being achieved. Ordinarily
vests over a 3 year period.
---------------------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
Volume(s)
---------------------------------- ------------------------ -----------------------
Nil 666,667
---------------------------------------------------------------- -----------------------
d) Aggregated N/A
Information
Aggregated volume
Price
---------------------------------- -------------------------------------------------
e) Date of transaction 13 November 2020
---------------------------------- -------------------------------------------------
f) Place of transaction Outside of a trading platform
---------------------------------- -------------------------------------------------
ENQUIRIES:
Renold plc 0161 498 4500
Robert Purcell, Chief Executive
Jim Haughey, Group Finance Director
Peel Hunt 0207 418 8831
Mike Bell
Ed Allsopp
Instinctif Partners 0207 457 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 reputation for quality that is recognised worldwide. Its products
are used in a wide variety of industries including manufacturing,
transportation, energy, metals and mining.
Further information about Renold can be found on their website
at: www.renold.com
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END
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