Volex PLC Director/PDMR Shareholding (9843K)

TIDMVLX

RNS Number : 9843K

Volex PLC

07 January 2021

7 January 2021

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, announces that Nat Rothschild, Executive Chairman, has exercised 350,000 share options, which were granted in December 2017 under the rules of the 2009 Volex plc Performance Share Plan and which vested on 12 December 2020, through the Volex Group plc Employees' Share Trust (the "Trust").

Following notification of the intent to exercise and the Company's receipt of the exercise price of 25 pence per share and tax due on the transaction, the Trust initiated the transfer of 350,000 Ordinary Shares of 25 pence to Mr Rothschild on 7 January 2021. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 38,415,595 Ordinary Shares in the Company, representing 25.23% 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:

 
                                        +44 (0)7747 488 
 Volex plc                               785 
 Nat Rothschild, Executive Chairman 
 Jon Boaden, Chief Financial Officer 
 
 
 N+1 Singer - Nominated Adviser & Joint Broker    +44 (0)20 7496 3000 
 Shaun Dobson 
 Iqra Amin 
 
 
 Panmure Gordon - Joint Broker      +44 (0)20 7886 2500 
 Hugh Rich 
 
                                      + 44 (0)20 7250 
   Powerscourt - Media Enquiries      1446 
 James White 
 Jack Holden

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           Initial Notification 
       / Amendment 
     -----------------------------  -------------------------------------------- 
 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             Ordinary Shares of 25 pence each 
       financial instrument, 
       type of instrument 
      Identification code            GB0009390070 
 b)   Nature of the transaction      Exercise of options 
 c)   Price(s) and volume(s)         Exercise of 35 0,000 options to acquire 
                                      shares at 25 pence per share 
 
 d)   Aggregated information 
      - Aggregated volume            See 4 c) above 
      - Price 
 e)   Date of the transaction        7 January 2021 
 f)   Place of the transaction       AIMX 
     -----------------------------  --------------------------------------------

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END

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January 07, 2021 11:37 ET (16:37 GMT)

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