Director/PDMR Shareholdings

discoverIE Group plc

15 October 2024

 

15 October 2024

discoverIE Group plc

Director/PDMR Shareholdings

discoverIE Group plc (LSE:DSCV, the "Company"), a leading international designer and manufacturer of customised electronics to industry, announces that, on 15 October 2024, it was notified of the following purchases of ordinary shares of 5 pence each in the Company ("Ordinary Shares") by Directors of the Company:

Name	Ordinary shares acquired	Average price paid	Total holding following share purchases	Percentage held of issued share capital
Nick Jefferies	31,588	£6.331	1,303,722	1.35%
Simon Gibbins	7,822	£6.335	419,217	0.44%
Clive Watson	3,950	£6.273	31,275	0.03%
Celia Baxter	4,851	£6.183	7,642	0.01%

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nick Jefferies
2	Reason for the notification
a)	Position / status	Group Chief Executive
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	Share acquisition
c)	Price(s) and volume(s)	Price Volume 633.138 pence per share 28,571 633.5 pence per share 3,017
d)	Aggregated information	Price Volume Total 633.17 pence per share 31,588 £200,006.56
e)	Date of the transaction	15 October 2024
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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	Share acquisition
c)	Price(s) and volume(s)	Price Volume 6.335 pence per share 7,822
d)	Aggregated information	Price Volume Total 6.335 pence per share 7,822 £49,552.37
e)	Date of the transaction	15 October 2024
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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	Share acquisition
c)	Price(s) and volume(s)	Price Volume 631.61 pence per share 1,865 623.5 pence per share 2,085
d)	Aggregated information	Price Volume Total 6.273 pence per share 3,950 £24,779.51
e)	Date of the transaction	15 October 2024
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Celia Baxter
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	Share acquisition
c)	Price(s) and volume(s)	Price Volume 618.3901 pence per share 4,366 617.7406 pence per share 485
d)	Aggregated information	Price Volume Total 6.183 pence per share 4,851 £29,994.95
e)	Date of the transaction	15 October 2024
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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 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 with an SBTi-aligned plan 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 FTSE250, classified within the Electrical Components and Equipment subsector.

 

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