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Volex PLC (VLX)

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Wednesday 11 December, 2019

Volex PLC

Director/PDMR Shareholding

RNS Number : 5074W
Volex PLC
11 December 2019
 

11 December 2019

 

Volex plc

("Volex" or the "Company")

 

Director/PDMR Shareholding

 

Volex plc, the global supplier of complex assemblies for performance-critical applications and power products, was notified on 10 December 2019 that Daren Morris, Chief Financial Officer, exercised 200,000 of the 2016 share awards that vested in March this year under the rules of the 2009 Volex plc Performance Share Plan, through the Volex Group plc Employees' Share Trust (the "Trust").

On 10 December, the Trust sold 113,557 Ordinary Shares of 25 pence on Mr Morris's behalf at 136 pence per share in order to cover the 25 pence exercise price and the income tax and national insurance deductions due on the exercise, and transferred the remaining 86,443 Ordinary Shares to Mr Morris.

Following this exercise and sale, Mr Morris's shareholding in the Company has increased to 757,536 Ordinary Shares, representing 0.51 per cent of the Company's 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.

 

Enquiries

For further information please contact: 

 

 

Volex plc                                                                                                            +44 7909 995 887

Nat Rothschild, Executive Chairman

Daren Morris, Chief Financial Officer and Company Secretary

 

N+1 Singer - Nominated Adviser & Joint Broker                                        +44 20 7496 3000

Shaun Dobson

Iqra Amin

 

Whitman Howard - Joint Broker                                                                    +44 20 7659 1234

Hugh Rich

Nick Lovering

 

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 Shares of 25 pence each

Identification code 

GB0009390070

b)

Nature of the transaction

Exercise of options and part sale

c)

Price(s) and volume(s) 

Exercise of 200,000 options to acquire shares at 25 pence per share and sale of 113,557 shares at a market prices of 136 pence per share.


 

d)

Aggregated information 


- Aggregated volume

See 4 c) above

- Price


e)

Date of the transaction

10 December 2019

f)

Place of the transaction 

AIMX

 


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