Last checked at 7 Jan 2021 16:37
7 January 2021
Volex plc
("Volex" or the "Company")
Director/PDMR Shareholding
Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, announces that Nat Rothschild, Executive Chairman, has exercised 350,000 share options, which were granted in December 2017 under the rules of the 2009 Volex plc Performance Share Plan and which vested on 12 December 2020, through the Volex Group plc Employees' Share Trust (the "Trust").
Following notification of the intent to exercise and the Company's receipt of the exercise price of 25 pence per share and tax due on the transaction, the Trust initiated the transfer of 350,000 Ordinary Shares of 25 pence to Mr Rothschild on 7 January 2021. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 38,415,595 Ordinary Shares in the Company, representing 25.23% 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 | +44 (0)7747 488 785 |
Nat Rothschild, Executive Chairman | |
Jon Boaden, Chief Financial Officer |
N+1 Singer - Nominated Adviser & Joint Broker | +44 (0)20 7496 3000 |
Shaun Dobson | |
Iqra Amin |
Panmure Gordon - Joint Broker | +44 (0)20 7886 2500 |
Hugh Rich | |
Powerscourt - Media Enquiries |
+44 (0)20 7250 1446 |
James White | |
Jack Holden
|
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 Shares of 25 pence each |
Identification code | GB0009390070 | |
b) | Nature of the transaction | Exercise of options |
c) | Price(s) and volume(s) | Exercise of 350,000 options to acquire shares at 25 pence per share |
d) | Aggregated information | |
- Aggregated volume | See 4 c) above | |
- Price | ||
e) | Date of the transaction | 7 January 2021 |
f) | Place of the transaction | AIMX |