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Volex PLC - Director/PDMR Shareholding

Thu, 9th May 2019 14:35

RNS Number : 5580Y
Volex PLC
09 May 2019
 

9 May 2019

 

Volex plc

("Volex" or the "Company")

 

Director/PDMR Shareholding

 

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:

Volex plc

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

 

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 25 pence Shares

Identification code 

GB0009390070

b)

Nature of the transactions

Exercise of share option awards

c)

Price(s) and volume(s) 

574,147 Ordinary 25 pence Shares at an exercise price of £0.25 per Share.

d)

Aggregated information 

- Aggregated volume

See 4 c) above

- Price

e)

Date of the transactions

3 May 2019

f)

Place of the transactions

AIMX

 

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.
 
END
 
 
DSHXKLFBKEFXBBX
Date   Source Headline
8th Aug 201910:37 amRNSVolex PLC - Holding(s) in Company
2nd Aug 201910:07 amRNSVolex PLC - Director/PDMR Shareholding
1st Aug 201910:21 amRNSVolex PLC - Director/PDMR Shareholding
30th Jul 20194:47 pmRNSVolex PLC - Appointment of New Director
30th Jul 20192:55 pmRNSVolex PLC - Result of AGM

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