REG - Volex PLC - Director/PDMR Shareholding

VolexAnnouncement

19/07/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230719:nRSS4296Ga&default-theme=true

RNS Number : 4296G  Volex PLC  19 July 2023

19 July 2023

Volex plc

("Volex" or the "Company")

Director / PDMR Dealing

Volex plc (AIM: VLX) announces that Nat Rothschild, Executive Chairman, has
been awarded 118,069 ordinary shares of 25 pence each in the capital of the
Company ("Ordinary Shares") in satisfaction of his annual bonus payment for
FY2023, as detailed on page 108 of the Company's Annual Report & Accounts
for the year ended 2023 (the "Bonus Award").

The Bonus Award was satisfied using existing Ordinary Shares, previously held
by the Company's employee benefit trust. The Bonus Award shares are being
issued at a price of 289.5 pence per share, being the closing mid-market share
price on 13 July 2023.

 

Following the above transaction, Nat Rothschild* is interested in 44,859,906
Ordinary Shares (save for unvested or unexercised awards), representing
approximately 24.79 per cent. of the Company's issued share capital.

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild
is a beneficiary.

 

 

 

For further information please contact:

 

 Volex plc                                                   +44 (0)7971 156 431
 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

 

 

The below notification, made 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                                                         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 in satisfaction of FY2023 bonus award
 c)  Price(s) and volume(s)                                       Price(s)                                    Volume(s)

                                                                                    289.50                    118,069
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      118,069

                                                                  £341,810
 e)  Date of the transaction                                      18 July 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 

 

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  DSHQVLFFXDLEBBQ