Share Awards

RNS Number : 0338L

Volex PLC

19 December 2018

 

19 December 2018

Volex plc

("Volex" or the "Company")

Grant of share awards and PDMR notifications

Volex plc, a global provider of power and data cabling solutions, today announces that Persons Discharging Managerial Responsibilities ("PDMRs") were granted share awards over ordinary shares of £0.25 each in the Company (the "Shares") on 17 December 2018.

Performance Share Awards

Performance share awards were granted under the Volex Group plc Performance Share Plan 2009 (the "PSP Awards") over the Company's Shares as follows: 

Director or PDMR	Position	Number of PSP Awards Granted
Nat Rothschild	Executive Chairman	340,000
Daren Morris John Molloy	Chief Financial Officer Chief Operating Officer	340,000 340,000

The PSP Awards vest after three years with 50% linked to an operating profit target and 50% linked to a relative total shareholder return target.  In each case, the price payable for the acquisition of vested award shares is the nominal value of £0.25 per Share.

Following such awards, the PDMRs will hold options over an aggregate of Shares under the Performance Share Plan 2009 as set out below:

Director or PDMR	Position	Number of PSP Awards Granted
Nat Rothschild	Executive Chairman	1,946,168
Daren Morris John Molloy	Chief Financial Officer Chief Operating Officer	2,296,168 1,235,256

For further information please contact:

Volex plc

Daren Morris, Group Chief Financial Officer

Tel: [phone] 

Liberum
Nominated Adviser & Broker

Steve Pearce
Euan Brown

Tel: [phone]

Whitman Howard
Joint Broker

Hugh Rich
Nick Lovering

Tel: [phone]

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via regulatory news service this inside information is now considered to be in the public domain.

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 25 pence Shares
	Identification code	GB0009390070
b)	Nature of the transactions	Grant of Conditional Share Awards
c)	Price(s) and volume(s)	Nil - 340,000
d)	Aggregated information
	- Aggregated volume	See 4 c) above
	- Price	See 4 c) above
e)	Date of the transactions	17 December 2018
f)	Place of the transactions	Outside a trading venue

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	Daren Morris
2	Reason for the notification
a)	Position/status	Chief Financial Officer and Company Secretary
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 transactions	Grant of Conditional Share Awards
c)	Price(s) and volume(s)	Nil - 340,000
d)	Aggregated information
	- Aggregated volume	See 4 c) above
	- Price	See 4 c) above
e)	Date of the transactions	17 December 2018
f)	Place of the transactions	Outside a trading venue

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	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 transactions	Grant of Conditional Share Awards
c)	Price(s) and volume(s)	Nil - 340,000
d)	Aggregated information
	- Aggregated volume	See 4 c) above
	- Price	See 4 c) above
e)	Date of the transactions	17 December 2018
f)	Place of the transactions	Outside a trading venue

 

END

 

 

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