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23 Jun 2011 07:00
Renold plc
("Renold" or "the Company")
Directors' purchase of shares
Renold announces that, in accordance with Renold's bonus arrangements for its Executive Directors as set out in the Company's annual report for the year ended 31 March 2011, it funded the purchase of ordinary shares of 5p each in the Company ("Ordinary Shares") on behalf of Robert Davies, Chief Executive Officer and Brian Tenner, Group Finance Director, on 21 June 2011 at a price of 36.2p per share. 202,127 Ordinary Shares were purchased in Robert Davies' name and 40,831 Ordinary Shares were purchased in Brian Tenner's name.
Following these share purchases, each of the Executive Directors' beneficial interests, including the beneficial holdings of their connected persons, is as follows:
| No. of Ordinary Shares | Percentage of issued Ordinary Share capital |
Robert Davies | Nine hundred and twenty five thousand seven hundred and ninety six (925,796) | 0.42% |
Brian Tenner | One hundred and sixty five thousand eight hundred and thirty one (165,831) | 0.08% |
23 June 2011
Enquiries:
Renold plc | Tel: 0161 498 4500 |
Hannah Woodcock, Company Secretary |
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College Hill | Tel: 020 7457 2020 |
Helen Tarbet |
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