RNS Number : 3611A
discoverIE Group plc
12 March 2025
12 March 2025
discoverIE Group plc
Director/PDMR Shareholdings
discoverIE Group plc (LSE:DSCV, the "Company"), a leading international designer and manufacturer of customised electronics to industry, announces that, on 11 March 2025, it was notified of the following purchases of ordinary shares of 5 pence each in the Company ("Ordinary Shares") by Directors of the Company:
Name
Ordinary shares acquired
Average price paid
Total holding following share purchases
Percentage held of issued share capital
Bruce Thompson
12,000
£5.44
75,000
0.08%
Simon Gibbins
9,058
£5.47
430,535
0.45%
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.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bruce Thompson
2
Reason for the notification
a)
Position / status
Chairman
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 GB0000055888
b)
Nature of the transaction
Share acquisition
c)
Price(s) and volume(s)
Price
Volume
544 pence per share
12,000
d)
Aggregated information
N/A
e)
Date of the transaction
11 March 2025
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 GB0000055888
b)
Nature of the transaction
Share acquisition
c)
Price(s) and volume(s)
Price
Volume
546.99 pence per share
9,058
d)
Aggregated information
N/A
e)
Date of the transaction
11 March 2025
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
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.
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFZGMFRZNGKZG
