Director/PDMR Shareholding

Volex PLC
19 July 2023
 

19 July 2023

Volex plc

("Volex" or the "Company")

Director / PDMR Dealing

Volex plc (AIM: VLX) announces that Nat Rothschild, Executive Chairman, has been awarded 118,069 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") in satisfaction of his annual bonus payment for FY2023, as detailed on page 108 of the Company's Annual Report & Accounts for the year ended 2023 (the "Bonus Award").  

The Bonus Award was satisfied using existing Ordinary Shares, previously held by the Company's employee benefit trust. The Bonus Award shares are being issued at a price of 289.5 pence per share, being the closing mid-market share price on 13 July 2023.

 

Following the above transaction, Nat Rothschild* is interested in 44,859,906 Ordinary Shares (save for unvested or unexercised awards), representing approximately 24.79 per cent. of the Company's issued share capital.

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary.

 

 

 

For further information please contact:

 

Volex plc

+44 (0)7971 156 431

Nat Rothschild, Executive Chairman


Jon Boaden, Chief Financial Officer


Chris Bedford, Group General Counsel and Company Secretary




Peel Hunt LLP - Nominated Adviser & Joint Broker

Ed Allsopp

Tom Ballard

Ben Harrington

+44 (0)20 7418 8900

 



HSBC Bank plc - Joint Broker

Simon Alexander

Joe Weaving

+44 (0)20 7991 8888

 



 

The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nat Rothschild 

2

Reason for the notification

a)

Position/status

PDMR, 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

Identification code

Ordinary Shares

 

 

b)

Nature of the transaction

Issue of Ordinary Shares in satisfaction of FY2023 bonus award

c)

Price(s) and volume(s)

Price(s)

                  289.50

Volume(s)

118,069

d)

Aggregated information

- Aggregated volume

- Price

 

 

118,069

£341,810

e)

Date of the transaction

18 July 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

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END
 
 

Companies

Volex (VLX)
UK 100

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