19 July 2021
Renold plc
("Renold", the "Company" or the "Group")
Director/PDMR Shareholding
Renold plc, a leading international supplier of industrial chains and related power transmission products, announces that it has been notified that Andrew Magson, Non-Executive-Director, has purchased 50,000 ordinary shares of 5 pence each in the Company ("Ordinary Shares").
Following this transaction, Mr Magson's beneficial interest in Ordinary Shares is 50,000 Ordinary Shares, representing approximately 0.02 per cent. of the Company's issued share capital.
ENQUIRIES:
| Renold plc | 0161 498 4500 |
| Robert Purcell, Chief Executive |
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| Peel Hunt LLP | 020 7418 8900 |
| Mike Bell |
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| Ed Allsopp |
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| IFC Advisory Limited Tim Metcalfe Greham Herring | 020 3934 6630 renold@investor-focus.co.uk |
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
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 | Andrew Magson | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Non-Executive 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
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| b) | LEI | 213800LNDGJY65SP6P54
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| 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) |
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| Price(s) | Volume(s) |
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| 24.3819p | 50,000 |
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| d)
| Aggregated information |
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| - Aggregated volume | 50,000 | ||||
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| - Price | 24.3819 pence (average) | ||||
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| e)
| Date of the transaction
| 16 July 2021 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
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