REG - discoverIE Group plc - Director/PDMR Shareholding

DiscoverieAnnouncement

20/03/2024 16:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240320:nRST6621Ha&default-theme=true

RNS Number : 6621H  discoverIE Group plc  20 March 2024

20 March 2024

discoverIE Group plc

 

Director/PDMR Shareholding

 

discoverIE Group plc (LSE: DSCV, "discoverIE", the "Group" or the "Company"),
a leading international designer and manufacturer of customised electronics to
industry, announces that, on 19 March 2024, Bruce Thompson, Non-Executive
Chairman, acquired a total of 4,000 ordinary shares of 5 pence each in the
Company ("Ordinary Shares") at an average price of £6.72.

 

Following this purchase, Bruce Thompson is interested in 49,000 Ordinary
Shares, representing approximately 0.05% of the Company's voting share
capital.

 

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                                            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                                    Share acquisition
 c)  Price(s) and volume(s)

Price                Volume
                                                                  672 pence per share  4,000

 

 d)  Aggregated information

                                                                  N/A

 e)  Date of the transaction                                      19 March 2024

 f)  Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 

d)

Aggregated information

 

N/A

 

e)

Date of the transaction

19 March 2024

 

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 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.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHDZGZFKGZGDZM