Dear client
The boards of Bidco and Renold are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Renold by Bidco.
· Under the terms of the Acquisition, each Renold Shareholder will be entitled to receive:
for each Renold Ordinary Share: 82 pence in cash
· The Acquisition is intended to be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the "Scheme") or, if Bidco elects, with the consent of the Panel and subject to the terms of the Cooperation Agreement, by way of a Takeover Offer.
The Court Meeting and the General Meeting will be held in July 2025.
Effective Date: final quarter of 2025
Please see all the relevant information in the notification attached.
There are no current shareholders on platform.
Should you have any questions then please click the “Contact Customer Services” button below or contact our helpline on 0845 783 5500, Monday to Friday 9am – 5pm
Kind regards
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