REG - discoverIE Group plc - Director/PDMR Shareholding

DiscoverieAnnouncement

19/02/2024 16:15

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RNS Number : 6630D  discoverIE Group plc  19 February 2024

19 February 2024

 

discoverIE Group plc

 

Director / PDMR Shareholding

 

discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Company"), a leading
international designer and manufacturer of customised electronics for
industrial applications, announces that, on Tuesday 13 February 2024, Clive
Watson, a Non-Executive Director of the Company, acquired 64 Ordinary Shares
pursuant to a dividend reinvestment plan ("DRIP").

 

Following the acquisition, Mr Watson has an interest in 19,207 Ordinary
Shares, representing approximately 0.2% of the Company's issued share capital.

 

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 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.

 

 

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Clive Watson
 2   Reason for the notification
 a)  Position / status                                            Non-Executive 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

     Identification code                                          GB0000055888
 b)  Nature of the transaction                                    Acquisition
 c)  Price(s) and volume(s)

Price                    Volume
                                                                  730.221 pence per share  64
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      13/2/2024
 f)  Place of the transaction                                     LSE

d)

Aggregated information

N/A

e)

Date of the transaction

13/2/2024

f)

Place of the transaction

LSE

 

 

 

 

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