Renold PLC Grant of Options (0118A)
20 September 2022 - 9:34PM
UK Regulatory
TIDMRNO
RNS Number : 0118A
Renold PLC
20 September 2022
20 September 2022
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 today granted 2,560,000 and 860,000 nil cost
options over ordinary shares in the Company respectively (the
"Awards"), pursuant to the Company's 2013 Performance Share Plan
(the "Plan").
The performance period applicable to the Awards is a three year
period commencing 1 April 2022. The Awards will vest on 31 March
2025, 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 Options granted Total options
prior to the under the Awards held
Awards
Robert Purcell 8,591,656 2,560,000 11,151,656
-------------- ------------------ --------------
Jim Haughey 1,466,667 860,000 2,326,667
-------------- ------------------ --------------
The notifications below, made in accordance with the
requirements of Article 19 of the Market Abuse Regulation, provides
further detail:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Robert Purcell
---------------------------------- -----------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/Status Chief Executive Officer
---------------------------------- -----------------------------------
b) Initial notification Initial Notification
/ amendment
---------------------------------- -----------------------------------
Details of the issuer, emission allowance market
3 participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name Renold Plc
---------------------------------- -----------------------------------
b) LEI 213800LNDGJY65SP6P54
---------------------------------- -----------------------------------
Details of transactions(s): section to be repeated
4 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 nil cost options
transaction
---------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
Volume(s)
---------------------------------- ----------------- ----------------
Nil 2,560,000
--------------------------------------------------------- ----------------
d) Aggregated N/A
Information
Aggregated volume
Price
---------------------------------- -----------------------------------
e) Date of transaction 20 September 2022
---------------------------------- -----------------------------------
f) Place of transaction Outside of a trading platform
---------------------------------- -----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jim Haughey
---------------------------------- -----------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/Status Group Finance Director
---------------------------------- -----------------------------------
b) Initial notification Initial Notification
/ amendment
---------------------------------- -----------------------------------
Details of the issuer, emission allowance market
3 participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name Renold Plc
---------------------------------- -----------------------------------
b) LEI 213800LNDGJY65SP6P54
---------------------------------- -----------------------------------
Details of transactions(s): section to be repeated
4 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 nil cost options
transaction
---------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
Volume(s)
---------------------------------- ----------------- ----------------
Nil 860,000
--------------------------------------------------------- ----------------
d) Aggregated N/A
Information
Aggregated volume
Price
---------------------------------- -----------------------------------
e) Date of transaction 20 September 2022
---------------------------------- -----------------------------------
f) Place of transaction Outside of a trading platform
---------------------------------- -----------------------------------
ENQUIRIES:
Renold plc IFC Advisory Limited
Andrew Batchelor, Company Secretary Tim Metcalfe
Graham Herring
renold@investor-focus.co.uk
0161 498 4500 020 3934 6630
Nominated Adviser and Joint Broker Joint Broker
Peel Hunt LLP FinnCap Limited
Mike Bell Ed Frisby / Tim Harper
Ed Allsopp (Corporate Finance)
Andrew Burdis / Harriet
Ward (ECM)
020 7418 8900 020 7220 0500
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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