Director/PDMR Shareholding

RNS Number : 8784G

Volex PLC

19 March 2020

 

19 March 2020

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc announces that on 17 March 2020, John Molloy, its Chief Operating Officer, notified the Company that he wished to exercise 495,256 of the February 2017 share awards that vested in February 2020 under the rules of the 2009 Volex plc Performance Share Plan.

Following notification to the Employees' Share Trust (the "Trust") on 18 March, the Trust is due to transfer 495,256 Ordinary Shares of 25 pence to Mr Molloy. Following this transaction, Mr Molloy will hold 733,706 Ordinary Shares in the Company, representing 0.48% 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.

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

1	Details of the Director / person discharging managerial responsibilities / person closely associated
a)	Name	John Molloy
2	Reason for the notification
a)	Position/status	Chief Operating Officer
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 25 pence Shares
	Identification code	GB0009390070
b)	Nature of the transaction	Exercise of Share Options
c)	Price(s) and volume(s)	495,256 Ordinary 25 pence Shares at an exercise price of 25p per Share.
d)	Aggregated information
	- Aggregated volume	See 4 c) above
	- Price
e)	Date of the transaction	18 March 2020
f)	Place of the transaction	AIMX

 

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