Last checked at 23 Jan 2009 13:43
RENOLD PLC
23 January 2009
1. Name of the issuer
RENOLD PLC ("Renold" or the "Company")
2. Nature of notification
Notification of transactions of Directors/Persons discharging managerial responsibility and their connected persons
3. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
25P ORDINARY SHARES
4. Holding
12,937,500 representing 16.79% of the Company
5. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
VIDACOS NOMINEES LIMITED - 12,937,500 SHARES ON BEHALF OF HANOVER I MASTER FUND LP (PREVIOUSLY HANOVER I MASTER FUND LP AND HANOVER I FUND LP)
6. Notification
Hanover I Master Fund LP ("HMF") has, as a connected person of Matthew Peacock, a director of Renold, on 2 January 2008 notified its interest in 12,937,500 25P ORDINARY SHARES (the "Shares") of the Company. HMF hereby gives further notice that, in line with standard market practice, the Shares are subject to a charge in favour of a prime broker (UBS AG) under the terms of a customary prime brokerage agreement. This notification is made in light of the FSA's statement of 9 January 2009 relating to the disclosure obligations of persons discharging managerial responsibilities and their connected persons who grant security over their shareholdings in an issuer.
7. Date issuer informed of transaction
22 January 2009
8. Name of contact and telephone number for queries
| Hanover Investors Management LLP | 020 77668408 |
| Michael Smith | |
| Renold Plc | 0161 498 4500 |
| Peter Bream | |
| College Hill | |
| Adam Aljewicz | 020 7457 2020 |
Name of duly authorised officer of issuer responsible for making
Notification
Peter Bream - Group Finance Director
Date of notification
23 January 2009