Director/PDMR Shareholding

RNS Number : 3767Q

Renold PLC

18 June 2020

 

Renold plc

("Renold" or the "Group")

Director/PDMR Shareholdings

18 June 2020

Renold plc, a leading international supplier of industrial chains and related power transmission products, announces that it has been notified that Robert Purcell, Chief Executive, has purchased 405,263 ordinary shares of 5 pence each in the Company ("Ordinary Shares"), 50,000 of which were purchased in his wife's name.

Following these transactions, Mr Purcell's beneficial interest in Ordinary Shares, including the beneficial holdings of persons closely associated with him, is as follows:

	No. of Ordinary Shares	Percentage of issued Ordinary Share capital
Robert Purcell	4,153,789	1.84%

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	Robert Purcell
2	Reason for the notification
a)	Position/status	Chief Executive
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)
			9.5p	105,263
			10.0p	250,000
			9.7p	50,000
d)	Aggregated information
	- Aggregated volume	405,263
	- Price	9.83 pence (average)
e)	Date of the transaction	16 /17 June 2020
f)	Place of the transaction	London Stock Exchange

 

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