REG - Volex PLC - Director/PDMR Shareholding

VolexAnnouncement

30/06/2023 16:45

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RNS Number : 6190E  Volex PLC  30 June 2023

30 June 2023

Volex plc

(the "Volex" or "Company")

Director / PDMR Dealing

Volex plc (AIM:VLX) announces that it has been notified that on 28 June 2023,
certain directors and persons discharging managerial responsibilities
("PDMRs") were issued, in aggregate, 68,678 ordinary shares of 25 pence each
in the capital of the Company ("Ordinary Shares") upon vesting of deferred
bonus awards granted on 28 June 2022 under the Volex plc Deferred Bonus Plan
(the "DBP Awards").

Details of the vested DBP Awards are summarised below:

 PDMR                                   Number of DBP Awards issued
 Nat Rothschild (Executive Chairman)    29,389
 John Molloy (Chief Operating Officer)  20,578
 Jon Boaden (Chief Financial Officer)   18,711

 

The DBP Awards were satisfied using existing Ordinary Shares, held by the
Company's employee benefit trust.

 

The Company also announces that it has been notified that on 29 June 2023, Jon
Boaden sold 8,794 Ordinary Shares in order to satisfy personal taxation
liabilities in relation to the vesting of the DBP Awards, and John Molloy sold
20,578 Ordinary Shares.

 

Following the above transactions, the PDMRs hold, or are interested in, the
following Ordinary Shares (save for unvested or unexercised LTIP or DBP
Awards):

 PDMR             Resulting number of Ordinary Shares  Resulting percentage of issued share capital
 Nat Rothschild*  44,741,837                           24.73%
 John Molloy**    2,310,206                            1.27%
 Jon Boaden       34,061                               0.02%

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild
is a beneficiary **Including those shares held by Sharon Molloy, a PCA with
John Molloy

The below notification, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail:

 

 

Nat Rothschild:

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Nat Rothschild
 2   Reason for the notification
 a)  Position/status                                              PDMR, 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

     Identification code

 b)  Nature of the transaction                                    Issue of Ordinary Shares on the vesting of DBP Awards
 c)  Price(s) and volume(s)                                       Price(s)                                   Volume(s)

                                                                                    £nil                     29,389
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      29,389

                                                                  £nil
 e)  Date of the transaction                                      28 June 2023
 f)  Place of the transaction                                     Outside a trading venue

 

John Molloy:

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         John Molloy
 2   Reason for the notification
 a)  Position/status                                              PDMR, Chief Operating Officer
 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

     Identification code

 b)  Nature of the transaction                                    Issue of Ordinary Shares on the vesting of DBP Awards
 c)  Price(s) and volume(s)                                       Price(s)                                     Volume(s)

                                                                                     £nil                      20,578
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      20,578

                                                                  £nil
 e)  Date of the transaction                                      28 June 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         John Molloy
 2   Reason for the notification
 a)  Position/status                                              PDMR, Chief Operating Officer
 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

     Identification code

 b)  Nature of the transaction                                    Sale of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)

                                                                                    283p                    20,578
 d)  Aggregated information

     - Aggregated volume

     - Price                                                       20,578

                                                                  £58,235.74
 e)  Date of the transaction                                      29 June 2023
 f)  Place of the transaction                                     AIM market of London Stock Exchange plc

 

Jon Boaden:

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Jon Boaden
 2   Reason for the notification
 a)  Position/status                                              PDMR, Chief Financial Officer
 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

     Identification code

 b)  Nature of the transaction                                    Issue of shares on the vesting of DBP Awards
 c)  Price(s) and volume(s)                                       Price(s)                                     Volume(s)

                                                                                     £nil                      18,711
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      18,711

                                                                  £nil
 e)  Date of the transaction                                      28 June 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Jon Boaden
 2   Reason for the notification
 a)  Position/status                                              PDMR, Chief Financial Officer
 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

     Identification code

 b)  Nature of the transaction                                    Sale of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)

                                                                                    283p                    8,794
 d)  Aggregated information

     - Aggregated volume

     - Price                                                       8,794

                                                                  £24,887.02
 e)  Date of the transaction                                      29 June 2023
 f)  Place of the transaction                                     AIM market of London Stock Exchange plc

 

For further information please contact:

                                                             +44 (0)7971 156 431

 Volex plc
 Nat Rothschild, Executive Chairman
 Jon Boaden, Chief Financial Officer
 Chris Bedford, Group General Counsel and Company Secretary

 Peel Hunt LLP - Nominated Adviser & Joint Broker            +44 (0)20 7418 8900

 Ed Allsopp

 Tom Ballard

 Ben Harrington

 HSBC Bank plc - Joint Broker                                +44 (0)20 7991 8888

 Simon Alexander
 Joe Weaving

 

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