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AIM Rule 26 Compliance

Renold’s compliance with Rule 26 of the AIM rules for Companies is set out below. The information is being disclosed for the purposes of AIM Rule 26. This page was reviewed and updated as at 26 June 2024.

Description of the Business

A description of Renold plc and its key activities can be found here.

Names of the Directors and Biographical Details

Details of Renold’s Board of Directors can be found in the Annual Report and can also be found here.

Corporate Governance

The Company’s stated position in relation to Corporate Governance can be found here.

An overview of Renold plc’s Governance structure can be found below:

The terms of reference for the Board and it’s Committees can be found here.

Board Directors and Board Committees

The Board of Directors consists of 2 Executive Directors (the Chief Executive Officer and the Finance Director) and 4 independent Non-Executive Directors. The Board is constituted as below:

Chairman of the Company and the Nominations Committee: David Landless – Non-Executive Director

Chief Executive Officer: Robert Purcell – Executive Director

Senior Independent Director: Tim Cooper – Non Executive Director

Group Finance Director: James (Jim) Haughey – Executive Director

Chairman of the Audit Committee: Andrew Magson – Non Executive Director

Chairman of the Remuneration Committee: Tim Cooper – Non Executive Director

Non Executive Director: Vicki Potter

The Board has delegated authority to the following Board Committees:

Audit Committee:

  • Chairman: Andrew Magson
  • Tim Cooper
  • Vicki Potter

Nominations Committee:

  • Chairman: David Landless
  • Tim Cooper
  • Vicki Potter
  • Andrew Magson

Remuneration Committee:

  • Chairman: Tim Cooper
  • David Landless
  • Andrew Magson
  • Vicki Potter

Standing Committee:

  • Robert Purcell
  • One other Executive Director or Non-Executive Director

The terms of reference for the Board Committees can be found here.

Country of Incorporation and Main Country of Operation

Renold plc is incorporated in England and Wales. The Group, headquartered in the UK, has global reach through its international operations which are outlined here.

Current Constitutional Documents

Renold plc’s Articles of Association can be found here.

Details of Any Other Exchanges or Trading Platforms

Renold plc is not traded on any exchanges or trading platforms other than AIM.

Number of Securities in Issue

The Company’s issued ordinary share capital comprises of 225,417,740 ordinary shares of 5 pence each. The Company has also issued 580,482 units of 6% cumulative preference shares of £1 each. Both the ordinary shares and the preference shares are listed on AIM.

In so far as the Company is aware, as 26 June 2024 the percentage of the Company's issued ordinary share capital that is not in public hands is 14.30% and the percentage of the Company's 6% cumulative preference shares that is not in public hands is 55.71%.

The Company does not hold any ordinary shares in treasury and therefore the number of ordinary shares with voting rights is 225,417,740.

The list of ordinary shareholders holding 3% of more of the issued share capital as at 26 June 2024 is as follows:

Shareholder Shares %  Issued
Share
Capital
Renold Plc Employee Benefit Trust 27,344,580 12.13%
Hargreaves Lansdown Asset Mgt (Bristol) 21,918,934  9.72%
Jupiter Asset Management 20,219,300 8.97%
Interactive Investor (Manchester) 19,300,819 8.56%
Janus Henderson Investors (London) 19,150,473 8.50%
Canaccord Genuity Wealth Mgt (London) 12,300,000 5.46%
Premier Miton Investors (London) 10,028,131 4.45%
River Global (London) 8,127,787 3.61%
JP Morgan Asset Mgt (London) 6,851,510 3.04%

The list of shareholders of 6% cumulative preference shares holding 3% or more of the issued share capital as at 26 June 2024 is as below:

Investor name(s) Investor style Class name(s) Holding of 6% cum pref Issued capital
(%)
ASCO Nominees Limited Private client broker 188,609 32.49
W B Nominees Limited Isamax Acct Private client broker 134,710 23.21
Rulegate Nominees Limited (JAMESCLT) Private client broker 55,692 9.59
CGWL Nominees
40,000 6.89
HSBC Global Custody Nomineee (UK) Limited Private client broker 34,230 5.90
ASCO Nominees Limited (RFSCHSIPP) Private client broker 25,000 4.31
Rulegate Nominees Limited (ISA01) Private client broker 21,409 3.69
ASCO Nominees Limited (ISA) Private client broker 20,000 3.44

Regulation of Mergers and Takeovers

Renold plc is subject to the UK City Code on Takeovers and Mergers.

Details of Any Restrictions on the Transfer of Securities

There are no restrictions on the transfer of Renold plc’s AIM securities.

Financial Information

Renold plc’s Annual Report and Accounts and the half-yearly reports can be found here.

Company Announcements

Renold plc’s notifications can be found here.

Admission Document and Circulars

Renold plc’s circulars and admission documents can be found here.

Advisers

Auditors:

BDO LLP
55 Baker Street,
London, W1U 7EU

PR Advisors:

IFC Advisory Limited
Birchin Court,
20 Birchin Lane,
London, EC3V 9DU.

Company Secretary:

Andrew Batchelor
Renold Plc,
Trident 2,
Trident Business Park,
Styal Road,
Wythenshawe,
Manchester M22 5XB.

Nominated Adviser

Peel Hunt LLP
7th Floor,
100 Liverpool St,
London
EC2M 2AT

Joint Brokers

Peel Hunt LLP
7th Floor,
100 Liverpool St,
London
EC2M 2AT

Cavendish Capital Markets Limited

One Bartholomew Close,
London, UK
EC1A 7BL

Legal advisers to the Company

Eversheds Sutherland (International) LLP
Two New Bailey Square
6 Stanley St
Salford
M3 5GX

Registrars

Link Group,
10th Floor,
Central Square,
29 Wellington Street,
Leeds
LS1 4DL

Legal Notice: This site is owned by Renold Plc but hosted and managed by InvestisDigital.

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