TIDMDSCV

RNS Number : 3887U

discoverIE Group plc

28 July 2020

discoverIE Group plc (the "Company")

Director Declarations

As announced earlier today by Flowtech Fluidpower plc ("Flowtech"), and further to the Company's previous announcement on 14 May 2020, Malcolm Diamond MBE, Non-Executive Chairman of discoverIE Group plc, will retire as Non-Executive Chairman and step down as a Director of Flowtech with effect from 1 August 2020.

Separately, further to the Company's previous announcement on 31 March 2020, Clive Watson will be appointed as a Non-Executive Director of Trifast plc, with effect from 30 July 2020.

This announcement is made in accordance with Listing Rule 9.6.14(R).

 
 For further information, please contact: 
 discoverIE Group plc                        01483 544 
  Greg Davidson Group Company Secretary       500 
 Instinctif 
  Mark Garraway                              020 7457 
  Rosie O'Driscoll                            2020

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships.

With a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.

The Group employs c.4,400 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.

The Group is listed on the Main Market of the London Stock Exchange and is in the top quartile of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenues of over GBP450m. Over the last five years, underlying earnings per share has almost doubled.

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.

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July 28, 2020 12:45 ET (16:45 GMT)

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