Director Declaration

RNS Number : 9678A

discoverIE Group plc

28 September 2022

 

28 September 2022

discoverIE Group plc

Director Declaration

In accordance with Listing Rule 9.6.14(2), discoverIE Group plc, a leading international designer and manufacturer of customised electronics for industrial applications, announces that Tracey Graham, Independent Non-executive Director of the Company, has been appointed as a non-executive director of Nationwide Building Society plc with effect from 28 September 2022, and has informed the Board of Ibstock plc of her intention to step down as a Non-executive Director at the conclusion of its Annual General Meeting to be held on 27 April 2023.

Notes to Editors :

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

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. 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.

With a focus on sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with complementary acquisitions. The Group has an ongoing commitment to reducing the impact of its operations on the environment and with its key markets aligned with a sustainable future, MSCI has awarded the Group an ESG "A" rating.

The Group employs c.5,000 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America.

discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE250, classified within the Electrical Components and Equipment subsector.

 

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