Renold PLC Grant of Options (4303G)
26 July 2021 - 5:55PM
UK Regulatory
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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