Grant of Options

RNS Number : 4298I

Renold PLC

14 June 2011

 



Renold plc

("Renold" or the "Company")

Grant of Options

The Company wishes to announce the following grants of options (Options) on 8 June 2011 over 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 Davies (Chief Executive Officer):	779,356 Shares
Brian Tenner (Finance Director):	495,978 Shares

The Options have been issued with an exercise price of 37.3p per Share and no consideration was paid for the grant of the Options.

Following the issue of the Options, each of Mr Davies and Mr Tenner 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
2,456,896	23.20	05.02.13	04.02.20
779,356	37.30	08.06.14	07.06.21

 Brian Tenner

No. of share options held	Exercise price (pence)	Date exercisable from	Exercisable until
678,898	27.25	27.09.13	26.09.20
495,978	37.30	08.06.14	07.06.21

14 June 2011 

ENQUIRIES:

Renold plc	0161 498 4500
Robert Davies, Chief Executive
College Hill	[phone]
Helen Tarbet

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.

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

 

END

 

 

RDSBSGDLSDBBGBS