REG - Volex PLC - Share Awards

VolexAnnouncement

19/12/2018 17:00

RNS Number : 0338L
Volex PLC
19 December 2018
 


19 December 2018
 
Volex plc
("Volex" or the "Company")
 
Grant of share awards and PDMR notifications
 
Volex plc, a global provider of power and data cabling solutions, today announces that Persons Discharging Managerial Responsibilities ("PDMRs") were granted share awards over ordinary shares of £0.25 each in the Company (the "Shares") on 17 December 2018.
 
Performance Share Awards
 
Performance share awards were granted under the Volex Group plc Performance Share Plan 2009 (the "PSP Awards") over the Company's Shares as follows: 




 
Director or PDMR


 
Position


 
Number of PSP Awards Granted




Nat Rothschild


Executive Chairman


340,000




Daren Morris
John Molloy


Chief Financial Officer
Chief Operating Officer


340,000
340,000
 




 
The PSP Awards vest after three years with 50% linked to an operating profit target and 50% linked to a relative total shareholder return target.  In each case, the price payable for the acquisition of vested award shares is the nominal value of £0.25 per Share.
 
Following such awards, the PDMRs will hold options over an aggregate of Shares under the Performance Share Plan 2009 as set out below:
 




 
Director or PDMR


 
Position


 
Number of PSP Awards Granted




Nat Rothschild


Executive Chairman


1,946,168




Daren Morris
John Molloy


Chief Financial Officer
Chief Operating Officer


2,296,168
1,235,256




 
 
For further information please contact:
 
Volex plc
Daren Morris, Group Chief Financial Officer
Tel: 020 8017 3240 
Liberum

Nominated Adviser & Broker
Steve Pearce

Euan Brown
Tel: 020 3100 2222
Whitman Howard

Joint Broker
Hugh Rich

Nick Lovering
Tel: 020 7659 1234
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via regulatory news service this inside information is now considered to be in the public domain.
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 25 pence Shares




Identification code 


GB0009390070




b)


Nature of the transactions


Grant of Conditional Share Awards




c)


Price(s) and volume(s) 


Nil - 340,000




 


 




d)


Aggregated information 


 




- Aggregated volume


See 4 c) above




- Price


See 4 c) above




e)


Date of the transactions


17 December 2018




f)


Place of the transactions


Outside a trading venue




 
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


Daren Morris




2


Reason for the notification




a)


Position/status


Chief Financial Officer and Company Secretary




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 25 pence Shares




Identification code 


GB0009390070




b)


Nature of the transactions


Grant of Conditional Share Awards




c)


Price(s) and volume(s) 


Nil - 340,000




 


 




d)


Aggregated information 


 




- Aggregated volume


See 4 c) above




- Price


See 4 c) above




e)


Date of the transactions


17 December 2018




f)


Place of the transactions


Outside a trading venue




 
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


John Molloy




2


Reason for the notification




a)


Position/status


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 25 pence Shares




Identification code 


GB0009390070




b)


Nature of the transactions


Grant of Conditional Share Awards




c)


Price(s) and volume(s) 


Nil - 340,000




 


 




d)


Aggregated information 


 




- Aggregated volume


See 4 c) above




- Price


See 4 c) above




e)


Date of the transactions


17 December 2018




f)


Place of the transactions


Outside a trading venue




 




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