29
January 2025
discoverIE Group
plc
Director / PDMR
Shareholding
discoverIE Group plc (LSE: DSCV,
"discoverIE" or "the Company"), a leading international designer
and manufacturer of customised electronics to industry, announces
that, on Friday 24 January 2025, Clive Watson, a Non-Executive
Director of the Company, acquired 21 Ordinary Shares pursuant to a
dividend reinvestment plan ("DRIP") and that, on Monday 27 January
2025, Simon Gibbins, Group Finance Director, acquired 2,260
Ordinary Shares pursuant to a DRIP.
Following the acquisitions, Mr
Watson has an interest in 31,296 Ordinary Shares, representing
approximately 0.03% of the Company's issued share capital and Mr
Gibbins has an interest in 421,477 Ordinary Shares (approximately
0.44%).
The following disclosures are made
in accordance with the UK Market Abuse Regulation.
For further information, please
contact:
discoverIE Group plc
Greg Davidson - Company
Secretary 01483 544 500
Buchanan
Chris Lane, Toto Berger, Jack
Devoy 020 7466 5000
discoverIE@buchanan.uk.com
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, high
quality customer relationships.
With a focus on key markets driven
by structural growth, increasing electronic content and
sustainability, namely medical, electrification of transportation,
renewable energy, security 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 in order 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 FTSE
250, classified within the Electrical Components and Equipment
subsector.