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Pin to quick picksVolex Regulatory News (VLX)

Share Price Information for Volex (VLX)

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Director / PDMR Dealing

31 Aug 2022 15:58

RNS Number : 8154X
Volex PLC
31 August 2022
 

31 August 2022

Volex plc

(the "Volex" or "Company")

Director / PDMR Dealing

Volex plc (AIM:VLX) announces that it has been notified that on 26 August 2022, the following directors / persons discharging managerial responsibilities ('PDMRs') acquired (in aggregate) 97,011 ordinary shares in the capital of the Company (the 'Shares') upon vesting of the deferred bonus awards granted to them on 26 August 2021 under the Volex plc Deferred Bonus Plan (the 'DBP Awards'). Details of the vested DBP Awards are summarised below:

PDMR

Number of vested Shares

Nat Rothschild

42,365

John Molloy

29,011

Jon Boaden

25,635

The DBP Awards were satisfied on a nil-cost basis using existing Shares purchased in the market by the trustee of the Company's employee benefit trust.

The Company also announces that it has been notified that on 26 August 2022, 14,505 vested Shares were retained and sold on John Molloy's behalf and 12,369 vested Shares were retained and sold on Jon Boaden's behalf to settle their respective tax liabilities in relation to the vesting of their DBP Awards (in accordance with an irrevocable authority provided to the Company by each PDMR for this purpose).

Following the above dealings, and the dealings announced on 30 August 2022 in connection with the scrip dividend, the PDMRs hold (or are interested in) the following Shares (not including unvested or unexercised LTIP or DBP Awards):

PDMR

Number of Shares

Holding as a percentage of issued share capital

Nat Rothschild*

39,321,176

24.72%

John Molloy**

2,310,206

1.45%

Jon Boaden

15,054

0.009%

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary **Including those shares held by Sharon Molloy, a PCA with John Molloy

This announcement is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018.

 

Nat Rothschild:

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 of 25 pence each

 

 

b)

Nature of the transaction

Acquisition of shares on the vesting of deferred bonus award

c)

Price(s) and volume(s)

Price(s)

£nil

Volume(s)

42,365

d)

Aggregated information

- Aggregated volume

- Price

 

 

42,365

£nil

e)

Date of the transaction

26 August 2022

f)

Place of the transaction

Outside a trading venue

 

John Molloy:

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Molloy

2

Reason for the notification

a)

Position/status

PDMR, 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

Identification code

Ordinary Shares of 25 pence each

 

 

b)

Nature of the transaction

Acquisition of shares on the vesting of deferred bonus award

c)

Price(s) and volume(s)

Price(s)

£nil

Volume(s)

29,011

d)

Aggregated information

- Aggregated volume

- Price

 

 

29,011

£nil

e)

Date of the transaction

26 August 2022

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Molloy

2

Reason for the notification

a)

Position/status

PDMR, 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

Identification code

Ordinary Shares of 25 pence each

 

 

b)

Nature of the transaction

Sale of shares to settle tax liability arising on the vesting of deferred bonus award

c)

Price(s) and volume(s)

Price(s)

283.5p

Volume(s)

14,505

d)

Aggregated information

- Aggregated volume

- Price

 

 

 14,505

£41,121.68

e)

Date of the transaction

26 August 2022

f)

Place of the transaction

AIM market of the London Stock Exchange

 

Jon Boaden:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jon Boaden 

2

Reason for the notification

a)

Position/status

PDMR, Chief Financial 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

Identification code

Ordinary Shares of 25 pence each

 

 

b)

Nature of the transaction

Acquisition of shares on the vesting of deferred bonus award

c)

Price(s) and volume(s)

Price(s)

£nil

Volume(s)

25,635

d)

Aggregated information

- Aggregated volume

- Price

 

 

25,635

£nil

e)

Date of the transaction

26 August 2022

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jon Boaden 

2

Reason for the notification

a)

Position/status

PDMR, Chief Financial 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

Identification code

Ordinary Shares of 25 pence each

 

 

b)

Nature of the transaction

Sale of shares to settle tax liability arising on the vesting of deferred bonus award

c)

Price(s) and volume(s)

Price(s)

283.50p

Volume(s)

12,369

d)

Aggregated information

- Aggregated volume

- Price

 

 

 12,369

£35,066.12

e)

Date of the transaction

26 August 2022

f)

Place of the transaction

AIM market of the London Stock Exchange

 

 

For further information please contact:

 

Volex plc

+44 (0)7971 156 431

Nat Rothschild, Executive Chairman

Jon Boaden, Chief Financial Officer

Christian Bedford, Group General Counsel and Company Secretary

Singer Capital Markets (Nominated Adviser & Joint Broker)

+44 (0)20 7496 3000

Shaun Dobson / George Tzimas

HSBC Bank plc - Joint Broker

+44 (0)20 7991 8888

Simon Alexander / Joe Weaving

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSDLFLFEESEIA
Date   Source Headline
7th Jun 201311:17 amRNSDirector/PDMR Shareholding
30th May 20139:15 amRNSDirector/PDMR Shareholding
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11th Apr 20137:00 amRNSTrading Statement
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13th Feb 20132:01 pmRNSDirector/PDMR Shareholding
12th Feb 20137:00 amRNSInterim Management Statement
14th Dec 20127:00 amRNSTrading Update and Board Appointments
10th Dec 20127:00 amRNSDirectorate Changes
5th Dec 201212:44 pmRNSTR-1: Notification of Major Interest in Shares
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31st Oct 20124:55 pmRNSFull Year Earnings Expectation
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29th May 20127:00 amRNSPreliminary Announcement of the Group Results
12th Apr 20127:00 amRNSTrading Update
20th Mar 20123:11 pmRNSDirector Declaration
15th Feb 20124:12 pmRNSNotification of Major Interest in Shares
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2nd Nov 20117:00 amRNSHalf Year Results
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1st Sep 20117:00 amRNSDelisting of Volex plc Preference Shares
11th Aug 20112:18 pmRNSChange of Name
29th Jul 20114:40 pmRNSSecond Price Monitoring Extn

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