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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Renold Plc | LSE:RNO | London | Ordinary Share | GB0007325078 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 1.87% | 54.40 | 54.20 | 55.40 | 55.80 | 54.00 | 54.00 | 521,345 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 247.1M | 11.8M | 0.0523 | 10.59 | 124.88M |
TIDMRNO
RNS Number : 6231P
Renold PLC
09 June 2015
Renold plc
("Renold" or "the Company")
GRANT OF AWARDS - PERFORMANCE SHARE PLAN
Renold announces that nil cost options were granted on 5 June 2015 under the 2013 Performance Share Plan to the Executive Directors of the Company, as listed below.
The number of shares placed under award was based on the average mid-market price for the preceding three days which was 76.50 pence.
Name of Director/PDMR Number of PSP Awards Robert Purcell (Chief Executive) 392,157 Brian Tenner (Finance Director) 241,830
The performance period applicable to the Awards is 1 April 2015 to 31 March 2018. The performance criteria for the vesting of awards are as follows:
Compound Annual Growth Rate in adjusted earnings per share ('adjusted EPS'). Entry level threshold - 25% of awards vest 10% Maximum vesting - 100% of awards vest 15%
Between these two points awards vest on a linear basis. The starting measurement point is the adjusted EPS figure for the year ended 31 March 2015 (i.e. 5.0 pence per share).
The transaction took place at Renold House, Styal Road, Manchester, M22 5WL. This announcement is made pursuant to Disclosure Rule 3.1.4 following notification under Disclosure Rule 3.1.2.
9 June 2015
ENQUIRIES:
Renold plc 0161 498 4500 Robert Purcell, Chief Executive Officer Brian Tenner, Finance Director Arden Partners 020 7614 5929 Chris Hardie Instinctif 020 7457 2020 Mark Garraway Helen Tarbet
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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