REG - Volex PLC - Director/PDMR Shareholding
RNS Number : 9843KVolex PLC07 January 20217 January 2021
Volex plc
("Volex" or the "Company")
Director/PDMR Shareholding
Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, announces that Nat Rothschild, Executive Chairman, has exercised 350,000 share options, which were granted in December 2017 under the rules of the 2009 Volex plc Performance Share Plan and which vested on 12 December 2020, through the Volex Group plc Employees' Share Trust (the "Trust").
Following notification of the intent to exercise and the Company's receipt of the exercise price of 25 pence per share and tax due on the transaction, the Trust initiated the transfer of 350,000 Ordinary Shares of 25 pence to Mr Rothschild on 7 January 2021. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 38,415,595 Ordinary Shares in the Company, representing 25.23% of its ordinary issued share capital.
This announcement is made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
For further information please contact:
Volex plc
+44 (0)7747 488 785
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
N+1 Singer - Nominated Adviser & Joint Broker
+44 (0)20 7496 3000
Shaun Dobson
Iqra Amin
Panmure Gordon - Joint Broker
+44 (0)20 7886 2500
Hugh Rich
Powerscourt - Media Enquiries
+44 (0)20 7250 1446
James White
Jack Holden
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED
1
Details of the Director / person discharging managerial responsibilities / person closely associated
a)
Name
Nat Rothschild
2
Reason for the notification
a)
Position/status
Executive Chairman
b)
Initial notification / Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Volex plc
b)
LEI
213800HBLQNH5FXXGE63
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 of 25 pence each
Identification code
GB0009390070
b)
Nature of the transaction
Exercise of options
c)
Price(s) and volume(s)
Exercise of 350,000 options to acquire shares at 25 pence per share
d)
Aggregated information
- Aggregated volume
See 4 c) above
- Price
e)
Date of the transaction
7 January 2021
f)
Place of the transaction
AIMX
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