Volex PLC Issue of Equity (2999Z)

TIDMVLX

RNS Number : 2999Z

Volex PLC

10 January 2024

LEI: 213800HBLQNH5FXXGE63

10 January 2024

Volex plc

("Volex" or the "Company")

Issue of Equity and Total Voting Rights

Volex announces that, pursuant to its scrip dividend alternative for the interim dividend of 1.4 pence per share for the half year ended 1 October 2023 to be paid on 10 January 2024, elections were received in respect of 46,924,909 ordinary shares of 25 pence each in the Company ("Ordinary Shares") as at the scrip election date of 15 December 2023. Accordingly, 213,776 Ordinary Shares (the "Scrip Dividend Shares") will be issued in satisfaction of such elections at the scrip reference price of 307.3 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 12 January 2024.

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 181,617,533 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 181,617,533 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

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January 10, 2024 11:45 ET (16:45 GMT)

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