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RENOLD PLC
Remuneration Information • Sep 20, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 0118A
Renold PLC
20 September 2022
20 September 2022
Renold plc
("Renold", the "Company" or the "Group")
Grant of Options
Renold plc, a leading international supplier of industrial chains and related power transmission products, announces that Robert Purcell, Chief Executive Officer and Jim Haughey, Group Finance Director, were today granted 2,560,000 and 860,000 nil cost options over ordinary shares in the Company respectively (the "Awards"), pursuant to the Company's 2013 Performance Share Plan (the "Plan").
The performance period applicable to the Awards is a three year period commencing 1 April 2022. The Awards will vest on 31 March 2025, subject to achievement of certain performance conditions and the terms of the Plan.
Following the grant of the Awards, the total options over ordinary shares in the Company held by Robert Purcell and Jim Haughey pursuant to the Plan and other Company share option plans are as follows:
| Director | Options held prior to the Awards | Options granted under the Awards | Total options held |
| Robert Purcell | 8,591,656 | 2,560,000 | 11,151,656 |
| Jim Haughey | 1,466,667 | 860,000 | 2,326,667 |
The notifications below, made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further detail:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Robert Purcell | |
| 2 | Reason for the notification | ||
| a) | Position/Status | Chief Executive Officer | |
| 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 transactions(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 Identification code |
Ordinary shares of 5 pence each GB0007325078 |
|
| b) | Nature of the transaction | Grant of nil cost options | |
| c) | Price(s) and Volume(s) |
Price(s) | Volume(s) |
| Nil | 2,560,000 | ||
| d) | Aggregated Information Aggregated volume Price |
N/A | |
| e) | Date of transaction | 20 September 2022 | |
| f) | Place of transaction | Outside of a trading platform |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Jim Haughey | |
| 2 | Reason for the notification | ||
| a) | Position/Status | Group Finance Director | |
| 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 transactions(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 Identification code |
Ordinary shares of 5 pence each GB0007325078 |
|
| b) | Nature of the transaction | Grant of nil cost options | |
| c) | Price(s) and Volume(s) |
Price(s) | Volume(s) |
| Nil | 860,000 | ||
| d) | Aggregated Information Aggregated volume Price |
N/A | |
| e) | Date of transaction | 20 September 2022 | |
| f) | Place of transaction | Outside of a trading platform |
ENQUIRIES:
| Renold plc | IFC Advisory Limited |
| Andrew Batchelor, Company Secretary | Tim Metcalfe |
| Graham Herring | |
| [email protected] | |
| 0161 498 4500 | 020 3934 6630 |
| Nominated Adviser and Joint Broker | Joint Broker |
| Peel Hunt LLP | FinnCap Limited |
| Mike Bell Ed Allsopp |
Ed Frisby / Tim Harper (Corporate Finance) |
| Andrew Burdis / Harriet Ward (ECM) | |
| 020 7418 8900 | 020 7220 0500 |
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
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