Director/PDMR Shareholding

RNS Number : 8702V

Volex PLC

05 December 2019

 

5 December 2019

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc, the global supplier of complex assemblies for performance-critical applications and power products, was notified on 5 December 2019 that Nat Rothschild, Executive Chairman, exercised 600,000 share options, which were granted in December 2016 under the rules of the 2009 Volex plc Performance Share Plan and which vested on 1 December this year, through the Volex Group plc Employees' Share Trust (the "Trust").

Following the Company's receipt of the exercise price of 25 pence per share and tax due on the transaction on 4 December 2019, the Trust transferred 600,000 Ordinary Shares of 25 pence to Mr Rothschild on 5 December 2019. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 36,876,078 Ordinary Shares in the Company, representing 24.61% of its ordinary issued share capital.

This announcement is made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

Enquiries

For further information please contact: 

Volex plc                                                                                                            [phone]

Nat Rothschild, Executive Chairman

Daren Morris, Chief Financial Officer and Company Secretary

N+1 Singer - Nominated Adviser & Joint Broker                                        [phone]

Shaun Dobson

Iqra Amin

Whitman Howard - Joint Broker                                                                    [phone]

Hugh Rich

Nick Lovering

NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED

1	Details of the Director / person discharging managerial responsibilities / person closely associated
a)	Name	Nat Rothschild
2	Reason for the notification
a)	Position/status	Executive Chairman
b)	Initial notification / Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volex plc
b)	LEI	213800HBLQNH5FXXGE63
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	Ordinary Shares of 25 pence each
	Identification code	GB0009390070
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Exercise of 600,000 options to acquire shares at 25 pence per share
d)	Aggregated information
	- Aggregated volume	See 4 c) above
	- Price
e)	Date of the transaction	5 December 2019
f)	Place of the transaction	AIMX

 

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