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