Renold PLC Capital Reduction (0913A)
May 27 2021 - 11:02AM
UK Regulatory
TIDMRNO
RNS Number : 0913A
Renold PLC
27 May 2021
27 May 2021
Renold plc
("Renold" or the "Group")
Capital Reduction
Renold, a leading international supplier of industrial chains
and related power transmission products, announces the completion
of the Capital Reduction, as described in the Notice of General
Meeting (which is available on Renold's website at
investors.renold.com) and as approved by shareholders at the
General Meeting held on 15 April 2021. The order of the High Court
confirming the Capital Reduction and the statement of capital
approved by the High Court in connection therewith were registered
by the Registrar of Companies earlier today, whereupon the Capital
Reduction became effective.
Total Voting Rights
Renold confirms that, following the Capital Reduction, the
Company's issued share capital consists of 225,417,740 ordinary
shares of 5p each, all carrying one vote each, and 580,482 units of
6 per cent. cumulative preference stock of GBP1 each carrying no
voting rights. The Company does not hold any shares in treasury.
Accordingly, the total voting rights in the Company are 225,417,740
ordinary shares.
The figure of 225,417,740 should be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) ("MAR") prior to its release as part
of this announcement and is disclosed in accordance with the
Company's obligations under Article 17 of those Regulations.
Capitalised terms not otherwise defined in this announcement
have the same meaning ascribed to them in the Company's Notice of
General Meeting dated 29 March 2021.
Renold plc 0161 498 4500
Robert Purcell, Chief Executive
Jim Haughey, Group Finance Director
Peel Hunt LLP 020 7418 8900
Mike Bell
Ed Allsopp
IFC Advisory Limited 020 3934 6630
Tim Metcalfe
Graham Herring
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
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END
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