Renold PLC Grant of Options
July 29 2024 - 9:50AM
RNS Regulatory News
RNS Number : 2645Y
Renold PLC
29 July 2024
29 July 2024
Renold plc
("Renold", the "Company" or the "Group")
Grant of
Options
Renold plc, a leading international
supplier of industrial chains and related power transmission
products, announces that Robert Purcell, Chief Executive Officer
and Jim Haughey, Group Finance Director, were granted
1,277,366 and 412,520 nil cost options over ordinary shares in the
Company respectively (the "Awards"), pursuant to the Company's 2013
Performance Share Plan (the "Plan") on 26 July 2024.
The performance period applicable to
the Awards is a three year period commencing 1 April 2024. The
Awards will vest on 26 July 2027, subject to achievement of certain
performance conditions and the terms of the Plan.
Following the grant of the
Awards, the total options over ordinary
shares in the Company held by Robert Purcell and Jim Haughey
pursuant to the Plan and other Company share option plans are as
follows:
|
Director
|
Options held prior to the
Awards
|
Options granted under the
Awards
|
Total options
held
|
|
Robert Purcell
|
11,206,443
|
1,277,366
|
12,483,809
|
|
Jim Haughey
|
3,023,456
|
412,520
|
3,435,976
|
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 /
amendment
|
Initial Notification
|
|
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 of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB0007325078
|
|
b)
|
Nature of the transaction
|
Grant of nil cost options
|
|
c)
|
Price(s) and
|
Price(s)
|
Volume(s)
|
|
Nil
|
1,277,366
|
|
d)
|
Aggregated
Information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date of transaction
|
26 July 2024
|
|
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 /
amendment
|
Initial Notification
|
|
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 of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 5 pence
each
GB0007325078
|
|
b)
|
Nature of the transaction
|
Grant of nil cost options
|
|
c)
|
Price(s) and
Volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
412,520
|
|
d)
|
Aggregated
Information
Aggregated volume
Price
|
N/A
|
|
e)
|
Date of transaction
|
26 July 2024
|
|
f)
|
Place of transaction
|
Outside of a trading
platform
|
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
ENQUIRIES:
|
Renold plc
|
0161
498 4500
|
|
Robert Purcell, Chief
Executive
|
|
|
Jim Haughey, Group Finance
Director
|
|
|
Peel
Hunt LLP (Nominated Adviser and Joint Broker)
|
020
7418 8900
|
|
|
Mike Bell
|
|
|
|
Ed Allsopp
|
|
|
|
Cavendish Capital Markets Limited (Joint
Broker)
|
020
7220 0500
|
|
|
Ed Frisby / Tim Harper (Corporate
Finance)
|
|
|
|
Andrew Burdis / Harriet Ward
(ECM)
|
|
|
|
|
|
|
|
IFC
Advisory Limited (Financial PR and IR)
|
020
3934 6630
|
|
|
Tim Metcalfe
|
renold@investor-focus.co.uk
|
|
|
Graham Herring
|
|
|
|
|
|
|
|
|
|
| |
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