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Volex PLC - Director/PDMR Shareholding

Tue, 30th Apr 2019 11:40

RNS Number : 5778X
Volex PLC
30 April 2019
 

30 April 2019

 

Volex plc

("Volex" or the "Company")

 

Director/PDMR Shareholding

 

Volex plc, a global provider of power and data-cabling solutions, announces that Daren Morris, Chief Financial Officer, asked the Company to notify the Volex Group plc Employees' Share Trust (the "Trust") that he wished to exercise a proportion of the share awards that had recently vested under the rules of the 2009 Volex plc Performance Share Plan and immediately sell the acquired shares.

Following receipt of this notification, on Friday 26 April 2019 and Monday 29 April 2019, the Trust sold 174,147 Ordinary Shares of 25 pence on Mr Morris's behalf at an average price of 92.6 pence per share.

Separately, Mr Morris purchased 16,937 Ordinary Shares on 30 April 2019 at a price of 93.2 pence, increasing his holding of 483,063 Ordinary Shares in the Company to 500,000 Ordinary Shares, representing 0.34% 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

Daren Morris

2

Reason for the notification

a)

Position/status

Chief Financial Officer and Company Secretary

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 transaction

Exercise of options and subsequent sale of shares

c)

Price(s) and volume(s) 

Exercise of 174,147 options to acquire shares at £0.25 per share and sale of all those shares at an average £0.926426 per share

d)

Aggregated information 

- Aggregated volume

See 4 c) above

- Price

e)

Date of the transaction

29 April 2019

f)

Place of the transaction 

AIMX

1

Details of the Director / person discharging managerial responsibilities / person closely associated 

a)

Name

Daren Morris

2

Reason for the notification

a)

Position/status

Chief Financial Officer and Company Secretary

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 transaction

Purchase of Shares

c)

Price(s) and volume(s) 

16,937 Ordinary Shares at a price of £0.93

d)

Aggregated information 

- Aggregated volume

See 4 c) above

- Price

e)

Date of the transaction

30 April 2019

f)

Place of the transaction 

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
 
 
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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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