Last checked at 7 Aug 2012 09:55
Renold plc
("Renold" or "the Company")
Directors' purchase of shares
Renold announces that, in accordance with Renold's deferred bonus arrangements for its Executive Directors as set out in the Company's annual report for the year ended 31 March 2012, it has acquired 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 6 August 2012 at a price of 23p per share. 106,174 Ordinary Shares were purchased in Robert Davies' name and 67,565 Ordinary Shares were purchased in Brian Tenner's name which will be retained for three years before they can be sold.
Following these share purchases, the Executive Directors' respective 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 | 1,030,583 | 0.47% |
Brian Tenner | 308,396 | 0.14% |
7 August 2012
ENQUIRIES:
Renold plc 0161 498 4517
Bob Davies, Chief Executive
Brian Tenner, Finance Director
Arden Partners 0207 614 5917
Chris Hardie
College Hill 0207 457 2020
Mark Garraway
Helen Tarbet
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