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2 Mar 2020 14:21
Renold plc
("Renold" or the "Group")
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Director/PDMR Shareholdings
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2 March 2020
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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").
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Mark Harper, Non-Executive-Chairman, purchased 350,000 Ordinary Shares in the Company, at an average price of 11.24 pence per share.
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Ian Scapens, Group Finance Director, purchased 42,372 Ordinary Shares in the Company, at an average price of 11.80 pence per share.
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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:
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No. of Ordinary Shares | Percentage of issued Ordinary Share capital | |
Mark Harper | 1,056,449 | 0.47% |
Ian Scapens | 231,952 | 0.10% |
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ENQUIRIES:
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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 |
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NOTES FOR EDITORS
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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.
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Further information about Renold can be found on the website at: www.renold.com
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The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
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1 Â | 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 Â | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Renold plc  | |||
b) | LEI | 213800LNDGJY65SP6P54 Â | |||
4 Â | 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) Â | 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) Â | 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) Â | 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 | |||
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1 Â | 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 Â | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Renold plc  | |||
b) | LEI | 213800LNDGJY65SP6P54 Â | |||
4 Â | 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) Â | 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) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
11.80p | 42,372 | ||||
d) Â | 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 | |||
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