27 June
2024
discoverIE Group plc
Director / PDMR
Shareholding
Deferred Bonus Awards
discoverIE Group plc (LSE: DSCV, "discoverIE"
or the "Company"), a leading international designer and
manufacturer of customised electronics for industrial applications,
announces that it was notified today of the following
transactions in ordinary shares of 5 pence each in the Company
("Ordinary Shares").
In accordance with the Directors' Remuneration
Policy, Nick Jefferies, Group Chief Executive and Simon Gibbins,
Group Finance Director, are subject to a deferral of 20% of any
annual bonus payment into Ordinary Shares, which will be held in
trust for a period of three years (the "Deferred Bonus
Award"). Mr Jefferies and Mr Gibbins retain eligibility for
dividends during the holding period.
7,764 and 4,237 Ordinary Shares were acquired
on 26 June 2024 pursuant to the Deferred Bonus Award arrangement,
relating to the annual bonuses for Mr Jefferies and Mr Gibbins,
respectively, for the year ended 31 March 2024, each at a price of
£6.83 per share.
Following these transactions, Mr Jefferies and
Mr Gibbins are interested in a total of 1,272,134 and 406,390
Ordinary Shares, respectively, representing 1.32% and 0.42%,
respectively, of the Company's issued share capital.
For further information, please
contact:
|
Buchanan
Chris Lane, Toto Berger, Jack
Devoy
discoverIE@buchanan.uk.com
|
020 7466 5000
|
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.
The information below, set out in accordance
with the requirements of the EU Market Abuse Regulation, provides
further detail.
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Nick Jefferies
|
|
2
|
Reason for the
notification
|
|
a)
|
Position / status
|
Group Chief Executive
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
|
3
|
Details of
issuer
|
|
a)
|
Name
|
discoverIE Group plc
|
|
b)
|
LEI
|
213800BMDLQU1VEEAN68
|
|
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
Identification code
|
Ordinary shares in discoverIE Group
plc
GB0000055888
|
|
b)
|
Nature of the transaction
|
Acquisition of shares pursuant to deferred
bonus arrangement
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
683 pence per share
|
7,764
|
|
|
d)
|
Aggregated information
|
As above
|
|
e)
|
Date of the transaction
|
26 June 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Simon Gibbins
|
|
2
|
Reason for the
notification
|
|
a)
|
Position / status
|
Group Finance Director
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
|
3
|
Details of
issuer
|
|
a)
|
Name
|
discoverIE Group plc
|
|
b)
|
LEI
|
213800BMDLQU1VEEAN68
|
|
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
Identification code
|
Ordinary shares in discoverIE Group
plc
GB0000055888
|
|
b)
|
Nature of the transaction
|
Acquisition of shares pursuant to deferred
bonus arrangement
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
683 pence per share
|
4,237
|
|
|
d)
|
Aggregated information
|
As above
|
|
e)
|
Date of the transaction
|
26 June 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|