Last checked at 14 Jun 2011 15:29
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 | +44 (0)20 7457 2020 |
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