Volex PLC Exercise of options and sale of shares (3343A)
September 10 2018 - 1:23PM
UK Regulatory
TIDMVLX
RNS Number : 3343A
Volex PLC
10 September 2018
Exercise of share options under the 2009 Volex plc Performance
Share Plan
Volex plc ("Volex" or "the Company") announces that on 8 August
2018 Daren Morris, Chief Financial Officer, notified the Company to
request that they instruct the Trustees of the Volex plc Employee
Share Trust to exercise share options in accordance with the Rules
of the 2009 Volex plc Performance Share Plan.
Following receipt of this notification, on the 6 September 2018
the Company instructed the Trustees accordingly, and on the 7
September 2018 the Volex plc Employee Share Trust sold 136,083
shares in order to satisfy the exercise of options issued to Daren
Morris under the 2009 Volex plc Performance Share Plan.
All the options exercised had an exercise price of 25.0 pence
per share and the shares sold had a sale price of 86.9 pence per
share. Both the exercise and the subsequent sale were done through
the Volex plc Employee Share Trust and there was no increase in
share capital or change in Mr Morris' shareholding.
The net effect of the exercise and sale and the resultant
holdings are shown in the table below:
Director Position Holding pre-exercise Change Holding post- Holding
and sale in ordinary exercise % ISC
shares and sale
-------------- ----------------- --------------------- ------------- -------------- --------
Chief Financial
Daren Morris Officer 502,647 0 502,647 0.3
The below notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, give further
detail.
1. Details of PDMR / person closely associated (PCA)
a) Name Daren Morris
-------------------------- -------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position / status Chief Financial Officer
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Full name of the Volex PLC
entity
-------------------------- -------------------------------------------
b) LEI 213800HBLQNH5FXXGE63
-------------------------- -------------------------------------------
4. Details of the transaction(s)
-----------------------------------------------------------------------
a) Description of the Ordinary Shares
financial instrument GB0009390070
Identification Code
-------------------------- -------------------------------------------
b) Nature of the transaction Exercise of options and subsequent
sale of shares
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Exercise of 136,083 options to acquire
shares at GBP0.25 per share and sale
of 136,083 of those shares at GBP0.869
per share
-------------------------- -------------------------------------------
d) Aggregated information Exercise of 136,083 options to acquire
shares for a total of GBP34,021 at
GBP0.25 per share and sale of 136,083
of those shares for a total of GBP118,256
at GBP0.869 per share
-------------------------- -------------------------------------------
e) Date of the transaction 7 September 2018
-------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
-------------------------- -------------------------------------------
For further information, please contact:
Volex plc Tel: 07909 995887
Daren Morris, CFO
Liberum
(Nominated Adviser & Sole Broker) Tel: 0203 100 2222
Steve Pearce
Euan Brown
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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