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23 June 2025 12:28:51
- Source: Sharecast
23 June 2025
Renold plc
("Renold", the "Company" or the "Group")
Notice of Results for the year ended 31 March 2025
On 13 June 2025 MPE Bid Co, a newly-formed corporation indirectly controlled by funds managed by MPE Mgt. Co., LLC ("MPE"), announced a firm intention to make an all-cash offer for the entire issued and to be issued ordinary share capital of Renold plc at 82p per ordinary share (the "Acquisition").
In light of the increased internal quality and regulatory requirements that the Acquisition brings with it, the Group's auditor, BDO LLP, has requested additional time to complete their audit processes. As a consequence, the Company will not publish its results for the year ended 31 March 2025 ("FY25") on 2 July 2025, as previously advised. The analyst presentation scheduled for 2 July 2025 will also be postponed.
The Board confirms that its expectations for the current year are unchanged.
Notice of results
The Group expects to announce its results for FY25 on 9 July 2025.
ENQUIRIES:
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Renold plc |
IFC Advisory Limited |
|
Robert Purcell, Chief Executive |
Tim Metcalfe |
|
Jim Haughey, Group Finance Director |
Graham Herring |
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renold@investor-focus.co.uk |
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|
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0161 498 4500 |
020 3934 6630 |
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Nominated Adviser and Joint Broker |
Joint Broker |
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Peel Hunt LLP |
Cavendish Capital Markets Limited |
|
Mike Bell |
Ed Frisby (Corporate Finance) |
|
Ed Allsopp |
Andrew Burdis / Harriet Ward (ECM) |
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|
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020 7418 8900
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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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