Last checked at 16 Jan 2024 12:33
16 January 2024
Volex plc
("Volex" or the "Company")
Director / PDMR Dealing
Volex plc (AIM: VLX) announces that on Friday 12 January 2024, NR Holdings Ltd (of which Nat Rothschild, Executive Chairman, is a beneficiary) received 188,369 ordinary shares of 25 pence each in the Company ("Ordinary Shares") pursuant to the scrip dividend issued on Friday 12 January 2024 (the "scrip"). The reference price for the scrip was 307.3p pence per share, as announced on 7 December 2023.
Following this transaction, Nat Rothschild1 is interested in 45,859,426 Ordinary Shares (save for unvested or unexercised awards), representing 25.25% of the Company's issued share capital.
1 Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary.
For further information please contact:
Volex plc +44 (0)7971 156 431
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Chris Bedford, Group General Counsel and Company Secretary
Peel Hunt LLP ? Nominated Adviser & Joint Broker +44 (0)20 7418 8900
Ed Allsopp
Tom Ballard
Ben Harrington
HSBC Bank plc ? Joint Broker +44 (0)20 7991 8888
Simon Alexander
Joe Weaving
About Volex
Volex plc (AIM: VLX) is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data centre power and connectivity, electric vehicles, and consumer electricals. We are headquartered in the UK and operate from 27 manufacturing locations with a global workforce of over 11,500 people across 24 countries. Our products are sold through our own locally based sales teams and through authorised distributor partners to Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing Services ('EMS') companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment. For more information, please visit www.volex.com
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
1 | Details of the Director / person discharging managerial responsibilities / person closely associated | |
a) | Name | Nathaniel Rothschild (beneficiary of NR Holdings Ltd) |
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 | Ordinary Shares of 25 pence each |
Identification code | GB0009390070 | |
b) | Nature of the transaction | Scrip dividend issue |
c) | Price(s) and volume(s) | 188,369 Ordinary Shares of 25 pence each at a price of 307.3p |
d) | Aggregated information | |
- Aggregated volume | See 4(c) above. | |
- Aggregated price | ||
e) | Date of the transaction | 12 January 2024 |
f) | Place of the transaction | Outside a trading venue |