Director Declaration

RNS Number : 4003D

discoverIE Group plc

19 February 2020

 

For Release

19 February 2020

discoverIE Group plc ("discoverIE", the "Company")

Director Declaration

Pursuant to Listing Rule 9.6.14 (2), discoverIE announces that Bruce Thompson, an independent non-executive director of the Company, has been appointed as an independent non-executive director of Avon Rubber p.l.c with effect from 1 March 2020.

For further information, please contact:

discoverIE Group plc		01483 544 500
Nick Jefferies	Group Chief Executive
Simon Gibbins	Group Finance Director
Instinctif Partners		020 7457 2020
Mark Garraway
James Gray

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships.

By focusing on key markets driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.

The Group employs c.4,500 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.

The Group is listed on the Main Market of the London Stock Exchange and is in the top quartile of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenues of over £400m. Over the last five years, revenue and underlying earnings per share have both more than doubled.

 

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