Thu, 9th May 2019 14:35
9 May 2019
("Volex" or the "Company")
Volex plc, a global provider of power and data-cabling solutions, announces that Nat Rothschild, Executive Chairman, asked the Company to notify the Volex Group plc Employees' Share Trust (the "Trust") that he wished to exercise the 2016 share awards that had recently vested under the rules of the 2009 Volex plc Performance Share Plan.
Having received that notification, and the 25 pence exercise price on 3 May 2019, the Trust is due to transfer 574,147 Ordinary Shares of 25 pence to Mr Rothschild. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 35,996,501 Ordinary Shares in the Company, representing 24.43% 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:
Daren Morris, Group Chief Financial Officer
Tel: 07909 995 887
Liberum Nominated Adviser & Broker
Steve Pearce Euan Brown
Tel: 020 3100 2222
Whitman Howard Joint Broker
Hugh Rich Nick Lovering
Tel: 020 7659 1234
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED
Details of the Director / person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification / Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument
Ordinary 25 pence Shares
Nature of the transactions
Exercise of share option awards
Price(s) and volume(s)
574,147 Ordinary 25 pence Shares at an exercise price of £0.25 per Share.
- Aggregated volume
See 4 c) above
Date of the transactions
3 May 2019
Place of the transactions