Director/PDMR Shareholding

RNS Number : 5580Y

Volex PLC

09 May 2019

 

9 May 2019

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc, a global provider of power and data-cabling solutions, announces that Nat Rothschild, Executive Chairman, asked the Company to notify the Volex Group plc Employees' Share Trust (the "Trust") that he wished to exercise the 2016 share awards that had recently vested under the rules of the 2009 Volex plc Performance Share Plan.

Having received that notification, and the 25 pence exercise price on 3 May 2019, the Trust is due to transfer 574,147 Ordinary Shares of 25 pence to Mr Rothschild. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 35,996,501 Ordinary Shares in the Company, representing 24.43% 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

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]

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	Exercise of share option awards
c)	Price(s) and volume(s)	574,147 Ordinary 25 pence Shares at an exercise price of £0.25 per Share.
d)	Aggregated information
	- Aggregated volume	See 4 c) above
	- Price
e)	Date of the transactions	3 May 2019
f)	Place of the transactions	AIMX

 

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