TIDMVLX

RNS Number : 8773Z

Volex PLC

16 January 2024

16 January 2024

Volex plc

("Volex" or the "Company")

Director / PDMR Dealing

Volex plc (AIM: VLX) announces that on Friday 12 January 2024, NR Holdings Ltd (of which Nat Rothschild, Executive Chairman, is a beneficiary) received 188,369 ordinary shares of 25 pence each in the Company ("Ordinary Shares") pursuant to the scrip dividend issued on Friday 12 January 2024 (the "scrip"). The reference price for the scrip was 307.3p pence per share, as announced on 7 December 2023.

Following this transaction, Nat Rothschild(1) is interested in 45,859,426 Ordinary Shares (save for unvested or unexercised awards), representing 25.25% 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

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

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

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 1    Details of the Director / person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                      Nathaniel Rothschild (beneficiary of 
                                 NR Holdings Ltd) 
     ------------------------  ----------------------------------------- 
 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            GB0009390070 
       code 
 b)   Nature of the             Scrip dividend issue 
       transaction 
 c)   Price(s) and              188,369 Ordinary Shares of 25 pence each 
       volume(s)                 at a price of 307.3p 
 
 d)   Aggregated information 
      - Aggregated              See 4(c) above. 
       volume 
      - Aggregated 
       price 
     ------------------------  ----------------------------------------- 
 e)   Date of the transaction   12 January 2024 
     ------------------------  ----------------------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
     ------------------------  -----------------------------------------

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END

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(END) Dow Jones Newswires

January 16, 2024 07:33 ET (12:33 GMT)

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