REG - discoverIE Group plc - Director/PDMR Shareholding - Deferred Bonus Awards

DiscoverieAnnouncement

27/06/2024 14:30

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RNS Number : 2036U  discoverIE Group plc  27 June 2024

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                              020 7466 5000

 Chris Lane, Toto Berger, Jack Devoy

 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 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  Ordinary shares in discoverIE Group plc

     Identification code

                                                                  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)

 

 

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  Ordinary shares in discoverIE Group plc

     Identification code

                                                                  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)

 

 

d)

Aggregated information

As above

 

e)

Date of the transaction

26 June 2024

 

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

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