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21 Jan 2013 17:08
Renold plc
("Renold" or "the Company")
Directors' purchases of shares
Following today's announcement that Robert Purcell has joined the Board as Chief Executive, Renold announces that it has been informed that Robert Purcell made the following acquisitions of Ordinary shares of 5p in the Company ("Ordinary Shares") prior to his appointment:
Date of purchase | No. of Ordinary Shares | Price |
16 January 2013 | 35,000 | 26p |
17 January 2013 | 215,000 | 25.9419p |
Following these purchases Robert Purcell's beneficial interest in the ordinary shares of 5p in the Company ("Ordinary Shares"), including the beneficial holdings of his connected persons, is as follows:
| No. of Ordinary Shares | Percentage of issued Ordinary Share capital |
Robert Purcell | 875,000 | 0.40% |
21 January 2013
ENQUIRIES:
Renold plc | 0161 498 4500 |
Mark Harper, Chairman |
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Brian Tenner, Finance Director |
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Arden Partners | 020 7614 5929 |
Chris Hardie |
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College Hill | 020 7457 2020 |
Mark Garraway |
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Helen Tarbet |
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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 their website at: www.renold.com
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