Volex PLC Issue of Equity and Total Voting Rights (9707J)

TIDMVLX

RNS Number : 9707J

Volex PLC

21 August 2023

LEI: 213800HBLQNH5FXXGE63

21 August 2023

Volex plc

("Volex" or the "Company")

Issue of Equity and Total Voting Rights

Volex announces that, pursuant to its scrip dividend alternative for the final dividend of 2.6 pence per share for the year ended 2 April 2023 to be paid on 25 August 2023, elections were received in respect of 52,432,961 ordinary shares of 25 pence each in the Company ("Ordinary Shares") as at the scrip election date of 4 August 2023. Accordingly, 478,491 Ordinary Shares (the "Scrip Dividend Shares") will be issued in satisfaction of such elections at the scrip reference price of 284.9 pence each.

Application has been made to the London Stock Exchange for the Scrip Dividend Shares to be admitted to AIM. It is expected that dealings in the Scrip Dividend Shares will commence at 8.00 a.m. on 25 August 2023.

The Scrip Dividend Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Total voting rights

Following admission of the Scrip Dividend Shares, the Company's total issued share capital will consist of 181,403,757 ordinary shares of 25 pence each with one voting right per share.

As the Company does not hold any shares in treasury, the total number of voting rights in the Company is also 181,403,757 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Volex plc +44 (0)7971 156 431

Nat Rothschild, Executive Chairman

Jon Boaden, Chief Financial Officer

Chris Bedford, Group General Counsel and Company Secretary

Peel Hunt LLP -- Nominated Adviser & Joint Broker +44 (0)20 7418 8900

Ed Allsopp

Tom Ballard

Ben Harrington

HSBC Bank plc -- Joint Broker

+44 (0)20 7991 8888

Simon Alexander

Joe Weaving

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August 21, 2023 11:00 ET (15:00 GMT)

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