Director/PDMR Shareholding

Volex PLC

19 July 2024

 

19 July 2024

Volex plc

("Volex" or the "Company")

Director / PDMR Dealing

Volex plc (AIM: VLX) announces that Nat Rothschild, Executive Chairman, has been awarded 107,813 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") in satisfaction of his annual bonus payment for FY2024, as detailed on pages 115 and 116 of the Company's Annual Report & Accounts for the year ended 2024 (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 354.50 pence per share, being the closing mid-market share price on 12 July 2024.

Following the above transaction, Nat Rothschild* is interested in 46,647,239 Ordinary Shares (save for unvested or unexercised awards), representing approximately 25.68 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	[phone]
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 Dom Convey Ben Harrington	[phone]
HSBC Bank plc - Joint Broker Simon Alexander	[phone]
Joe Weaving
Sodali & Co - Media Enquiries James White	[phone]
Nicholas Johnson

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 FY2024 bonus award
c)	Price(s) and volume(s)	Price(s)                   354.50p	Volume(s) 107,813
d)	Aggregated information - Aggregated volume - Price	107,813 £382,200
e)	Date of the transaction	19 July 2024
f)	Place of the transaction	Outside a trading venue

 

END