14 March
2024
discoverIE Group plc
Director/PDMR
Shareholding
discoverIE Group plc (LSE: DSCV,
"discoverIE", the "Group" or the "Company"), a leading
international designer and manufacturer of customised electronics
to industry, announces that, on 14 March 2024, Clive Watson,
Non-Executive Director, acquired a total of 3,693 ordinary shares
of 5 pence each in the Company ("Ordinary Shares") at an average
price of £6.70.
Following this purchase, Clive
Watson is interested in 22,900 Ordinary Shares, representing
approximately 0.02% of the Company's voting share
capital.
The information set out below is
provided in accordance with the requirements of Article 19(3) of
the EU Market Abuse Regulation No 596/2014.
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1
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Details of the
person discharging managerial responsibilities/person closely
associated
|
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a)
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Name
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Clive Watson
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2
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Reason for the
notification
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a)
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Position / status
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Non-Executive Director
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b)
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Initial notification / amendment
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Initial notification
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3
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Details of
issuer
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a)
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Name
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discoverIE Group plc
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b)
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LEI
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213800BMDLQU1VEEAN68
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4
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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)
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Description of the financial instrument, type
of instrument
Identification code
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Ordinary Shares
GB0000055888
|
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b)
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Nature of the transaction
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Share acquisition
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c)
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Price(s) and volume(s)
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Price
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Volume
|
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670 pence per share
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3,693
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|
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d)
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Aggregated information
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N/A
|
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e)
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Date of the transaction
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14 March 2024
|
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f)
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Place of the transaction
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London Stock Exchange, Main Market
(XLON)
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Notes to
Editors:
About discoverIE Group plc
discoverIE Group plc is an
international group of businesses that design and manufacture
innovative electronic components for industrial
applications.
The Group provides
application-specific components to original equipment manufacturers
("OEMs") internationally through its two divisions, Magnetics &
Controls, and Sensing & Connectivity. By designing components
that meet customers' unique requirements, which are then
manufactured and supplied throughout the life of their production,
a high level of repeating revenue is generated with long-term
customer relationships.
With a focus on sustainable key
markets driven by structural growth and increasing electronic
content, namely renewable energy, medical, electrification of
transportation and industrial automation & connectivity, the
Group aims to achieve organic growth that is well ahead of GDP and
to supplement that with complementary acquisitions. The Group is
committed to reducing the impact of its operations on the
environment with an SBTi aligned plan to reach net zero. With its
key markets aligned with a sustainable future, the Group has been
awarded an ESG "AA" rating by MSCI and is Regional (Europe) Top
Rated by Sustainalytics.
The Group employs c.4,500 people
across 20 countries with its principal operating units located in
Continental Europe, the UK, China, Sri Lanka, India and North
America.
discoverIE is listed on the Main
Market of the London Stock Exchange and is a member of the FTSE250,
classified within the Electrical Components and Equipment
subsector.