REG - Volex PLC - Director/PDMR Shareholding

VolexAnnouncement

18/12/2024 14:00

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RNS Number : 6266Q  Volex PLC  18 December 2024

18 December 2024

Volex plc

("Volex" or the "Company")

Director / PDMR Shareholding

Volex plc (AIM:VLX) announces that on Monday 16 December 2024 Lord Rothschild,
Executive Chairman, exercised a nil-cost award over 115,425 ordinary shares of
25 pence each in the Company (the 'Ordinary Shares') granted to him under the
Volex plc Long Term Incentive Plan (the 'LTIP Award').

The LTIP Award was granted on 15 February 2022, subject to performance
conditions being met relating to profit and relative total shareholder
return.  On 3 December 2024 the Company's remuneration committee assessed the
performance conditions and determined that 115,425 Ordinary Shares would vest
and become exercisable with effect from 7 December 2024.

The LTIP Award will be satisfied using existing shares purchased in the market
by the trustee of the Company's employee benefit trust.   In accordance with
the rules of the LTIP, the Ordinary Shares acquired on exercise will be
subject a two-year holding period expiring on 7 December 2026.

Following the exercise of the LTIP Award, Lord Rothschild* is interested in
46,762,664 Ordinary Shares (save for unvested or unexercised awards),
representing approximately 25.74 per cent. of the Company's issued share
capital.

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

 

For further information please contact:

 Volex plc                             +44 1256 442570

 Lord 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

 Dom Convey

 Tom Graham

 

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

 Simon Alexander

 Joe Weaving

 Stephanie Cornish

 

 Sodali & Co - Media Enquiries      +44 (0)20 7250 1446

 James White

 Nicholas Johnson

 

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 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                    115,425
 d)  Aggregated information

     - Aggregated volume

     - Price                                                      115,425

                                                                  £nil
 e)  Date of the transaction                                      16 December 2024
 f)  Place of the transaction                                     Outside a trading venue

 

About Volex plc

 

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for
mission-critical applications and a global leader in power and data
connectivity solutions. Our diverse operations support international blue-chip
customers in five key sectors: Electric Vehicles, Consumer Electricals,
Medical, Complex Industrial Technology and Off-Highway. Headquartered in the
UK, we orchestrate operations across 28 advanced manufacturing facilities,
uniting 14,000 dynamic individuals from 25 different nations. Our
extraordinary products find their way to market through our localised sales
teams and authorised distributor partners, supporting Original Equipment
Manufacturers and Electronic Manufacturing Services companies across the
globe. In a world that grows more digitally complex by the day, customers
trust us to deliver power and connectivity that drives everything from
household essentials to life-saving medical equipment. Learn more
at www.volex.com (http://www.volex.com/) .

 

 

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