Director/PDMR Shareholding

RNS Number : 7263E

Renold PLC

02 March 2020

 

Renold plc

("Renold" or the "Group")

Director/PDMR Shareholdings

2 March 2020

Renold plc ("Renold" or "the Group"), a leading international supplier of industrial chains and related power transmission products, announces that it has been notified of the following transactions in ordinary shares of 5 pence each in the Company ("Ordinary Shares").

Mark Harper, Non-Executive-Chairman, purchased 350,000 Ordinary Shares in the Company, at an average price of 11.24 pence per share.

Ian Scapens, Group Finance Director, purchased 42,372 Ordinary Shares in the Company, at an average price of 11.80 pence per share.

Following these transactions, Mr Harper and Mr Scapens respective beneficial interest in Ordinary Shares, including the beneficial holdings of persons closely associated with them, are as follows:

	No. of Ordinary Shares	Percentage of issued Ordinary Share capital
Mark Harper	1,056,449	0.47%
Ian Scapens	231,952	0.10%

ENQUIRIES:

Renold plc	0161 498 4500
Robert Purcell, Chief Executive
Ian Scapens, Group Finance Director
Peel Hunt LLP	020 7418 8900
Mike Bell
Ed Allsopp
Instinctif Partners	020 7457 2020
Mark Garraway
Rosie Driscoll

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

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Harper
2	Reason for the notification
a)	Position/status	Non-Executive Chairman-PDMR
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 the transaction(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	Ordinary Shares of 5 pence each
	Identification code	ISIN: GB0007325078
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			11.69p	50,000
			11.46p	50,000
			11.41p	100,000
			10.93p	50,000
			10.88p	100,000
d)	Aggregated information
	- Aggregated volume	350,000
	- Price	11.24p (average)
e)	Date of the transaction	28 February 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Scapens
2	Reason for the notification
a)	Position/status	Group Finance Director-PDMR
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 the transaction(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	Ordinary Shares of 5 pence each
	Identification code	ISIN: GB0007325078
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			11.80p	42,372
d)	Aggregated information
	- Aggregated volume	42,372
	- Price	11.80p (average)
e)	Date of the transaction	2 March 2020
f)	Place of the transaction	London Stock Exchange

 

END

 

 

DSHBSGDXGDGDGGD