Capital Reduction

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 £1 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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