Last checked at 9 Sep 2009 13:31
9 September 2009
Volex Group plc
(the "Company")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
At the Extraordinary General Meeting of the Company held on 5 December 2008 shareholders approved the Volex Group plc Non-Executive Directors Long Term Incentive Scheme and also the Volex Group plc Performance Share Plan 2009 ("PSP").
On 7 September 2009, share awards and options were made under each of the above schemes, and also the HM Revenue and Customs approved part of the Volex 2001 Share Option Plan ("CSOP") details of which are shown below, in accordance with DTR 3.1.2R.
Awards made under the Non-Executive Directors Long Term Incentive Scheme
Non-Executive Chairman
Michael McTighe
| 1. | Date of grant 7 September 2009 | 2. | Period during which or date on which exercisable In normal circumstances unless there is an earlier change of control of the Company or passing of a resolution for its voluntary winding up, 25 March 2012 - 15 April 2012 |
| 3. | Total amount paid (if any) for grant of the option Nil | 4. | Description of shares or debentures involved (class and number) Option over 800 notional units which upon exercise will give rise to a cash payment |
| 5. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise Nil | 6. | Total number of shares or debentures over which options held following notification Remains 100,000 ordinary shares of 25p each |
Non-Executive Directors
Chris Geoghegan
| 1. | Date of grant 7 September 2009 | 2. | Period during which or date on which exercisable In normal circumstances unless there is an earlier change of control of the Company or passing of a resolution for its voluntary winding up, 25 March 2012 - 15 April 2012 |
| 3. | Total amount paid (if any) for grant of the option Nil | 4. | Description of shares or debentures involved (class and number) Option over 100 notional units which upon exercise will give rise to a cash payment |
| 5. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise Nil | 6. | Total number of shares or debentures over which options held following notification Nil |
Karen Slatford
| 1. | Date of grant 7 September 2009 | 2. | Period during which or date on which exercisable In normal circumstances unless there is an earlier change of control of the Company or passing of a resolution for its voluntary winding up, 25 March 2012 - 15 April 2012 |
| 3. | Total amount paid (if any) for grant of the option Nil | 4. | Description of shares or debentures involved (class and number) Option over 100 notional units which upon exercise will give rise to a cash payment |
| 5. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise Nil | 6. | Total number of shares or debentures over which options held following notification Nil |
Executive Directors
Ray Walsh
| 1. | Date of grant 7 September 2009 in respect of each of the CSOP Option (made under the CSOP) and the PSP Capped Award and PSP Uncapped Award (made under the PSP) each more fully described below. | 2. | Period during which or date on which exercisable CSOP Option - 7 September 2012 - 7 September 2019 PSP Capped Award - 8 September 2012 - 8 March 2013 PSP Uncapped Award - 8 September 2012 - 8 March 2013 |
| 3. | Total amount paid (if any) for grant of the option Nil | 4. | Description of shares or debentures involved (class and number) CSOP Option -37,500 ordinary shares of 25p PSP Capped Award - 37,500 ordinary shares of 25p PSP Uncapped Award - 414,822 ordinary shares of 25p |
| 5. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise CSOP Option - 80 pence PSP Capped Award - 25 pence PSP Uncapped Award - 25 pence | 6. | Total number of shares or debentures over which options held following notification Nil |
Andrew Cherry
| 1. | Date of grant 7 September 2009 in respect of each of the CSOP Option (made under the CSOP) and the PSP Capped Award and PSP Uncapped Award (made under the PSP) each more fully described below. | 2. | Period during which or date on which exercisable CSOP Option - 7 September 2012 - 7 September 2019 PSP Capped Award - 8 September 2012 - 8 March 2013 PSP Uncapped Award - 8 September 2012 - 8 March 2013 |
| 3. | Total amount paid (if any) for grant of the option Nil | 4. | Description of shares or debentures involved (class and number) CSOP Option -37,500 ordinary shares of 25p PSP Capped Award - 37,500 ordinary shares of 25p PSP Uncapped Award - 268,123 ordinary shares of 25p |
| 5. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise CSOP Option - 80 pence PSP Capped Award - 25 pence PSP Uncapped Award - 25 pence | 6. | Total number of shares or debentures over which options held following notification Remains 41,765 ordinary shares of 25p each |
| Name of authorised official of issuer responsible for making notification Wendy Tate Name of contact and telephone number for queries Wendy Tate 01925 830101 Date of notification 9 September 2009 |