Director/PDMR Shareholding

RNS Number : 0635K

Volex PLC

27 August 2021

 

27 August 2021

Volex plc

("Volex" or the 'Company')

Director/PDMR Shareholding

Volex has been notified of the following transactions in the Company's ordinary shares of 25 pence each ("Ordinary Shares") undertaken by certain Directors and persons discharging managerial responsibilities ("PDMRs").

Following the end of the relevant Deferral Period, the Deferred Bonus Awards for the 2020 financial year held by Nat Rothschild, Executive Chairman, and John Molloy, Chief Operating Officer, have now vested. The awards were granted under the Company's Deferred Share Bonus Plan 2015 (the "Plan").

The Company also announces that Nat Rothschild, Executive Chairman, John Molloy, Chief Operating Officer, and Jon Boaden, Chief Financial Officer have been granted Deferred Bonus Awards under the Plan as part of their remuneration in respect of the 2021 financial year. 

The following disclosure is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018.

Notification of transactions by Directors / persons discharging managerial responsibilities and persons closely associated with them:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.  NATHANIEL ROTHSCHILD 2.  JOHN MOLLOY
2	Reason for the notification
a)	Position/status	1.  EXECUTIVE CHAIRMAN 2.  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 (inclusion optional)	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 Identification code	ORDINARY SHARES OF 25 PENCE EACH GB0009390070
b)	Nature of the transaction	VESTING OF AWARDS GRANTED UNDER THE VOLEX PLC DEFERRED BONUS PLAN 2015
c)	Price(s) and volume(s)	Prices(s)	Volume(s)
		Exercise price of £0.00	1.  113,986 ORDINARY SHARES 2.  88,111 ORDINARY SHARES
d)	Aggregated information - Aggregated volume - Price	Price Volume Aggregate Price 1 £0.00 113,986 £0.00 2 £0.00 88,111 £0.00
e)	Date of the transaction	26 August 2021
f)	Place of the transaction	OUTSIDE A TRADING VENUE

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.  NATHANIEL ROTHSCHILD 2.  JOHN MOLLOY 3.  JONATHAN BOADEN
2	Reason for the notification
a)	Position/status	1.  EXECUTIVE CHAIRMAN 2.  CHIEF OPERATING OFFICER 3.  CHIEF FINANCIAL 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 (inclusion optional)	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 Identification code	ORDINARY SHARES OF 25 PENCE EACH GB0009390070
b)	Nature of the transaction	GRANT OF DEFERED BONUS AWARDS PURSUANT TO THE VOLEX PLC DEFERRED BONUS PLAN 2015
c)	Price(s) and volume(s)	Prices(s)	Volume(s)
		Exercise price of £0.00	1.  42,365 ORDINARY SHARES 2.  29,011 ORDINARY SHARES 3.  25,635 ORDINARY SHARES
d)	Aggregated information - Aggregated volume - Price	Price Volume Aggregate Price 1 £0.00 42,365 £0.00 2 £0.00 29,011 £0.00 3 £0.00 25,635 £0.00
e)	Date of the transaction	26 August 2021
f)	Place of the transaction	OUTSIDE A TRADING VENUE

For further information please contact:

Volex plc	[phone]
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Christian Bedford, Group General Counsel and Company Secretary

Singer Capital Markets - Nominated Adviser & Joint Broker	[phone]
Shaun Dobson
George Tzimas

HSBC Bank plc - Joint Broker	[phone]
Simon Alexander
Joe Weaving

 

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