TIDMRNO

RNS Number : 4303G

Renold PLC

26 July 2021

26 July 2021

Renold plc

("Renold", the "Company" or the "Group")

Grant of Options

Renold announces that Robert Purcell, Chief Executive Officer, and Jim Haughey, Group Finance Director, were granted 2,480,000 and 800,000 nil cost options (the "Awards") respectively on 23 July 2021, pursuant to the 2013 Performance Share Plan (the "Plan").

The performance period applicable to the Awards is a three year period commencing on 1 April 2021. The Awards will vest on 23 July 2024, subject to the achievement of certain performance conditions and the terms of the Plan.

Following the grant of the Awards, the total options held by Robert Purcell and Jim Haughey, including options under other Company share plans are as follows:

 
 Director           Options held     Options granted   Total options 
                    prior to the    under the Awards            held 
                          Awards 
----------------  --------------  ------------------  -------------- 
 Robert Purcell        6,111,656           2,480,000       8,591,656 
 Jim Haughey             666,667             800,000       1,466,667 
 

The notifications below, made in accordance with the requirements of Article 19 of the 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 Officer 
      ----------------------------------  ----------------------------------- 
 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 options 
        transaction 
      ----------------------------------  ----------------------------------- 
 c)    Price(s) and                        Price(s)           Volume(s) 
        Volume(s) 
      ----------------------------------  -----------------  ---------------- 
   Nil                                                        2,480,000 
  ---------------------------------------------------------  ---------------- 
 d)    Aggregated                          N/A 
        Information 
 
        Aggregated volume 
 
        Price 
      ----------------------------------  ----------------------------------- 
 e)    Date of transaction                 23 July 2021 
      ----------------------------------  ----------------------------------- 
 f)    Place of transaction                Outside of a trading platform 
      ----------------------------------  ----------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                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 options 
        transaction 
      ----------------------------------  ----------------------------------- 
 c)    Price(s) and                        Price(s)           Volume(s) 
        Volume(s) 
      ----------------------------------  -----------------  ---------------- 
   Nil                                                        800,000 
  ---------------------------------------------------------  ---------------- 
 d)    Aggregated                          N/A 
        Information 
 
        Aggregated volume 
 
        Price 
      ----------------------------------  ----------------------------------- 
 e)    Date of transaction                 23 July 2021 
      ----------------------------------  ----------------------------------- 
 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 
 
 IFC Advisory Limited                   020 3934 6630 
  Tim Metcalfe                           renold@investor-focus.co.uk 
  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 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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July 26, 2021 03:55 ET (07:55 GMT)

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