공시 • Oct 30
Endurance PT Technology Buyer Corporation completed the acquisition of Renold plc (AIM:RNO). Webster Industries, Inc. made non-binding all-cash proposal to acquire Renold plc (AIM:RNO) for approximately £150 million on May 20, 2025. A cash consideration valued at £0.77 per share will be paid by Webster Industries, Inc. As part of consideration, an undisclosed value is paid towards common equity of Renold plc. This is a Consolidation/Roll Up transaction. In related transaction Renold plc also received a non-binding all-cash proposal from Buckthorn Partners LLP and One Equity Partners IX, L.P. Webster must either announce a firm intention to make an offer for Renold or announce that it does not intend to make an offer for Renold, in which case the announcement will be treated as a statement by June 17, 2025. This deadline will only be extended with the consent of the Takeover Panel. Webster Proposal is subject to the satisfaction or waiver of a number of customary pre-conditions. The Board of Renold is currently engaging with Webster, including providing them with access to management and diligence information. As of June 13, 2025, The boards of Webster Industries, Inc. 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 Webster Industries, Inc. Under the terms of the Acquisition, each Renold Shareholder will be entitled to receive for each Renold Ordinary Share a cash consideration valued at £0.82 per share will be paid by Webster Industries, Inc. The Acquisition Price values the entire issued and to be issued ordinary share capital of Renold at approximately £186.7 million on a fully diluted basis and the Acquisition Price represents a premium of approximately 50% to the Closing Price per Renold Ordinary Share of 54.6 pence on May 19, 2025, being the last Business Day prior to the commencement of the Offer Period on May 20, 2025. The Acquisition is intended to be effected by means of a scheme of arrangement. The Scheme will become Effective during the final quarter of 2025. The Court Meeting and the General Meeting are to be held on July 28, 2025. As of July 28, 2025, the requisite majority of Renold Shareholders voted in favour of the Special Resolution to implement the Scheme, including the amendment to Renold's articles of association and to re-register Renold as a private company (subject to the cancellation of admission to trading on AIM of the Renold Preference Stock), at the General Meeting; and the requisite majority of Renold Shareholders voted in favour of the Preference Stock Repayment Resolution, to cancel the Renold Preference Stock and repay £1.07 per unit of Renold Preference Stock to the holders of such Renold Preference Stock, at the General Meeting. As per the transaction, Renold is now owned by Endurance PT Technology Buyer Corporation, which MPE has nominated as the purchaser of the scheme shares pursuant to the scheme. As per the announcement dated October 7, 2025, the transaction has received requisite regulatory approvals and clearances. As of October 27, 2025, the transaction is approved by court. The transaction is expected to close on October 29, 2025.
Mike Bell, Ed Allsopp and Sam Cann of Peel Hunt LLP acted as financial advisor to Renold plc. Chris Raff, Andrew Welby and Simon Chaudhuri of Moelis & Company UK LLP acted as financial advisor and Jones Day is retained as legal adviser to MPE. Eversheds Sutherland (International) LLP is retained as legal adviser to Renold. James Fletcher and Tim Rennie of Ashurst advised Moelis & Company in the transaction. J.P. Morgan Securities LLC acted as financial advisor to MPE Partners.
Endurance PT Technology Buyer Corporation completed the acquisition of Renold plc (AIM:RNO) on October 29, 2025. 공시 • Aug 22
Renold plc, Annual General Meeting, Sep 30, 2025 Renold plc, Annual General Meeting, Sep 30, 2025. Location: the companys registered office, trident 2, trident business park, styal road, wythenshawe, manchester m22 5xb, United Kingdom 공시 • Jun 25
Renold plc (AIM:RNO) agreed to acquire Ognibene Power SPA for €10 million. Renold plc (AIM:RNO) agreed to acquire Ognibene Power SPA for €10 million on June 25, 2025. Mike Bell and Ed Allsopp of Peel Hunt LLP acted as financial advisor to Renold plc.
Renold plc (AIM:RNO) completed acquisition of Ognibene Power SPA for €10 million on June 25, 2025. 공시 • Jun 13
Bidco Intends to Seek the Cancellation of Renold Ordinary Shares' Admission to Trading on AIM The boards of MPE Bid Co (Bidco) and Renold plc announced 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. Renold Shares are currently admitted to trading on AIM. Bidco intends to seek the cancellation of Renold Ordinary Shares' admission to trading on AIM shortly after the Acquisition's completion. Renold Preference Shares are admitted to trading on AIM. Renold intends to seek shareholder approval for a share capital reduction and repayment of capital of the Preference Shares at a price per Preference Share of £1.07 (the "Preference Share Repayment") to be approved by a separate special resolution of Renold Shareholders at the General Meeting (the "Preference Share Repayment Resolution"), subject to approval by the Court at the hearing to sanction the Scheme and to the Scheme becoming Effective. Following this, an application would be made for the cancellation of the Renold Preference Shares' admission to trading on AIM. The Preference Share Repayment is not subject to the provisions of the Takeover Code and the Acquisition is not conditional on the Preference Share Repayment Resolution being passed. New Risk • Jun 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (77% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change).