Director / PDMR Shareholding

discoverIE Group plc

29 January 2025

 

29 January 2025

discoverIE Group plc

Director / PDMR Shareholding

discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Company"), a leading international designer and manufacturer of customised electronics to industry, announces that, on Friday 24 January 2025, Clive Watson, a Non-Executive Director of the Company, acquired 21 Ordinary Shares pursuant to a dividend reinvestment plan ("DRIP") and that, on Monday 27 January 2025, Simon Gibbins, Group Finance Director, acquired 2,260 Ordinary Shares pursuant to a DRIP.

Following the acquisitions, Mr Watson has an interest in 31,296 Ordinary Shares, representing approximately 0.03% of the Company's issued share capital and Mr Gibbins has an interest in 421,477 Ordinary Shares (approximately 0.44%).

The following disclosures are made in accordance with the UK Market Abuse Regulation.

For further information, please contact:

discoverIE Group plc

Greg Davidson - Company Secretary     01483 544 500

Buchanan

Chris Lane, Toto Berger, Jack Devoy      020 7466 5000

[e-mail]

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc is an international group of businesses that design and manufacture 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, high quality customer relationships.

With a focus on key markets driven by structural growth, increasing electronic content and sustainability, namely medical, electrification of transportation, renewable energy, security 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 is committed to reducing the impact of its operations on the environment in order to reach net zero. With its key markets aligned with a sustainable future, the Group has been awarded an ESG "AA" rating by MSCI and is Regional (Europe) Top Rated by Sustainalytics. 

The Group employs c.4,500 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 FTSE 250, classified within the Electrical Components and Equipment subsector.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Clive Watson
2	Reason for the notification
a)	Position / status	Non-Executive Director
b)	Initial notification / amendment	Initial notification
3	Details of issuer
a)	Name	discoverIE Group plc
b)	LEI	213800BMDLQU1VEEAN68
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares GB0000055888
b)	Nature of the transaction	Acquisition
c)	Price(s) and volume(s)	Price Volume 670 pence per share 21
d)	Aggregated information	N/A
e)	Date of the transaction	24/1/2025
f)	Place of the transaction	LSE

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Gibbins
2	Reason for the notification
a)	Position / status	Group Finance Director
b)	Initial notification / amendment	Initial notification
3	Details of issuer
a)	Name	discoverIE Group plc
b)	LEI	213800BMDLQU1VEEAN68
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares GB0000055888
b)	Nature of the transaction	Acquisition
c)	Price(s) and volume(s)	Price Volume 648.7 pence per share 2,260
d)	Aggregated information	N/A
e)	Date of the transaction	27/1/2025
f)	Place of the transaction	LSE

 

END