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VOLEX PLC — Director's Dealing 2018
Dec 19, 2018
8012_dirs_2018-12-19_b75989ca-7269-4d62-a7c4-c7eb5c4eee52.html
Director's Dealing
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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 |
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 [email protected] or visit www.rns.com.
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