Grant of Options

RNS Number : 0587I

Renold PLC

03 March 2010

 



Renold plc

("Renold" or the "Company")                       

Grant of Options

The Company wishes to announce the following grants of options (Options) on 5 February 2010 in Renold's ordinary shares of 5p each (Shares) in accordance with the rules of The Renold plc 2004 Non Inland Revenue Approved Company Share Option Plan:

Robert John Davies (Chief Executive):       2,456,896 Shares

Peter Bream (Finance Director):               1,551,724 Shares

The Options have been issued with an exercise price of 23.2p per Share and no consideration was paid for the grant of the Options.

Following the issue of the Options, Mr Davies and Mr Bream hold the following share options:

Robert Davies 

No. of share options held	Exercise price (pence)	Date exercisable from	Exercisable until
146,799	65.14	11.03.07	10.03.14
557,835	74.93	02.09.07	01.09.14
117,439	52.45	26.07.09	25.07.16
117,439	97.24	02.01.10	01.01.17
176,159	78.81	27.11.10	26.11.17
667,151	64.63	31.03.11	30.03.18
211,733	65.57	01.04.11	31.03.18
2,456,896	23.20	05.02.13	04.02.20

 Peter Bream

No. of share options held	Exercise price (pence)	Date exercisable from	Exercisable until
176,159	52.45	26.07.09	25.07.16
70,463	97.24	02.01.10	01.01.17
117,439	78.81	27.11.10	26.11.17
278,511	64.63	31.03.11	30.03.18
1,551,724	23.20	05.02.13	04.02.20

3 March 2010

ENQUIRIES:

Renold plc	0161 498 4500
Bob Davies, Chief Executive
Peter Bream, Finance Director
College Hill	020 7457 2020
Adam Aljewicz

Notes to Editors:

Renold is a global leader in the manufacture of industrial chains and a wide range of precision engineering products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. Its products are used in a wide variety of industries including transportation, energy, steel, manufacturing and mining.

The Company has a well deserved reputation for quality that is recognized worldwide. The Company's expertise and products are currently being used in the Thames Barrier and Big Ben in London.

For more information on Renold, visit www.renold.com

 

END

 

 

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