Volex PLC Director/PDMR Shareholding (7931X)
December 22 2023 - 5:00AM
UK Regulatory
TIDMVLX
RNS Number : 7931X
Volex PLC
22 December 2023
Volex plc
("Volex" or the "Company")
Director / PDMR Shareholding
Volex plc (AIM: VLX) announces that on Wednesday 20 December
2023, 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 18 December 2020 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
401,760 awards should be granted pursuant to the LTIP Award, and
consequently, Nat Rothschild has exercised 401,760 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. In accordance with the rules of the LTIP, the Ordinary
Shares acquired on exercise will be subject a two-year holding
period expiring 18 December 2025.
Following the exercise of the LTIP Award, Nat Rothschild(1) is
interested in 45,671,057 shares Ordinary Shares (save for unvested
or unexercised awards), representing approximately 25.18 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
Nat Rothschild, Executive Chairman 431
Jon Boaden, Chief Financial Officer investor.relations@volex.com
Peel Hunt LLP - Nominated Adviser &
Joint Broker
Ed Allsopp
Tom Ballard +44 (0)20 7418
Ben Harrington 8900
HSBC Bank plc - Joint Broker
Simon Alexander +44 (0)20 7991
Joe Weaving 8888
Powerscourt - Media Enquiries +44 (0)20 7250
James White 1446
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 Initial Notification
/Amendment
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 Ordinary Shares of 25 pence each
the financial
instrument, type
of instrument
Identification
code
========================================
b) Nature of the Exercise of award granted under the Volex
transaction plc Long Term Incentive Plan to acquire
ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBPnil 401,760
======================================== =====================
d) Aggregated information
- Aggregated volume
- Price 401,760
GBPnil
e) Date of the transaction 20 December 2023
========================================
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
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 or visit 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.
END
DSHBLLFLXLLXFBB
(END) Dow Jones Newswires
December 22, 2023 06:00 ET (11:00 GMT)
Volex (AQSE:VLX.GB)
Historical Stock Chart
From Nov 2024 to Dec 2024
Volex (AQSE:VLX.GB)
Historical Stock Chart
From Dec 2023 to Dec 2024
