Employee Benefit Trust

RNS Number : 0317F

Renold PLC

22 July 2016

 

Renold plc

("Renold" or "the Company")

ISSUANCE OF SHARES

Renold announces that it has issued 2,353,037 5p shares in Renold plc at a cost of £117,651.85 to its Employee Benefit Trust to facilitate the exercise of share options by employees across the Company. 

Application has been made for the new ordinary shares to be admitted to trading on The London Stock Exchange and it is anticipated that admission will become effective on 28 July 2016. Following admission, the Company's issued share capital will consist of 225,417,740 ordinary shares of 5p each. 

22 July 2016

ENQUIRIES:

Renold plc	0161 498 4500
Robert Purcell, Chief Executive Officer
Brian Tenner, Group Finance Director
Arden Partners	020 7614 5917
Chris Hardie
Instinctif Partners	020 7457 2020
Mark Garraway
Helen Tarbet

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 their website at: www.renold.com

 

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