REG - Volex PLC - Director/PDMR Shareholding

VolexAnnouncement

26/01/2024 17:15

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RNS Number : 1178B  Volex PLC  26 January 2024

26 January 2024

Volex plc

("Volex" or the "Company")

Director / PDMR Shareholding

Volex plc (AIM: VLX) announces that on Wednesday 24 January 2024, Nat
Rothschild, Executive Chairman, exercised a nil-cost award over ordinary
shares of 25 pence each in the company ("Ordinary Shares") granted to him
under the Volex plc Long Term Incentive Plan (the 'LTIP Award').

The LTIP Award was granted on 10 September 2019 subject to performance
conditions being met relating to profit and relative total shareholder return
("TSR").  The Company's remuneration committee assessed the performance
conditions and determined that 680,000 awards should be granted pursuant to
the LTIP Award, and consequently, Nat Rothschild has exercised 680,000 LTIP
Awards over Ordinary Shares.

The LTIP Award will be satisfied using existing shares purchased in the market
by the trustee of the Company's employee benefit trust.   The Ordinary
Shares acquired on exercise are subject to a holding period expiring 10
September 2025.

Following the exercise of the LTIP Award, Nat Rothschild(1) is interested in
46,539,426 shares Ordinary Shares (save for unvested or unexercised awards),
representing approximately 25.62 per cent. of the Company's issued share
capital.

 

(1) 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    investor.relations@volex.com

 Jon Boaden, Chief Financial Officer

 

 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

 

 Powerscourt - Media Enquiries  +44 (0)20 7250 1446

 James White

The information below (set out in accordance with the requirements of 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 of 25 pence each

     Identification code

 b)  Nature of the transaction                                    Exercise of award granted under the Volex plc Long Term Incentive Plan to
                                                                  acquire ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)                               Volume(s)

                                                                                 £nil                    680,000
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      680,000

                                                                  £nil
 e)  Date of the transaction                                      24 January 2024
 f)  Place of the transaction                                     Outside a trading venue

 

 About Volex

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for
performance-critical applications and a supplier of power products. We serve a
diverse range of markets and customers, with particular expertise in cable
assemblies, higher-level assemblies, data centre power and connectivity,
electric vehicles, and consumer electricals. We are headquartered in
the UK and operate from 27 manufacturing locations with a global workforce
of over 11,500 people across 24 countries. Our products are sold through our
own locally based sales teams and through authorised distributor partners to
Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing
Services ('EMS') companies worldwide. All of the products and services that we
offer are integral to the increasingly complex digital world in which we live,
providing power and connectivity from the most common household items to the
most complex medical equipment. For more information, please
visit www.volex.com (http://www.volex.com/)

 

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