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VOLEX PLC — Director's Dealing 2019
Apr 30, 2019
8012_dirs_2019-04-30_2b81d567-efe0-4cc0-883a-d805e006002c.html
Director's Dealing
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RNS Number : 5778X
Volex PLC
30 April 2019
30 April 2019
Volex plc
("Volex" or the "Company")
Director/PDMR Shareholding
Volex plc, a global provider of power and data-cabling solutions, announces that Daren Morris, Chief Financial Officer, asked the Company to notify the Volex Group plc Employees' Share Trust (the "Trust") that he wished to exercise a proportion of the share awards that had recently vested under the rules of the 2009 Volex plc Performance Share Plan and immediately sell the acquired shares.
Following receipt of this notification, on Friday 26 April 2019 and Monday 29 April 2019, the Trust sold 174,147 Ordinary Shares of 25 pence on Mr Morris's behalf at an average price of 92.6 pence per share.
Separately, Mr Morris purchased 16,937 Ordinary Shares on 30 April 2019 at a price of 93.2 pence, increasing his holding of 483,063 Ordinary Shares in the Company to 500,000 Ordinary Shares, representing 0.34% of its ordinary issued share capital.
This announcement is made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
For further information please contact:
Volex plc
Daren Morris, Group Chief Financial Officer
Tel: 07909 995 887
Liberum
Nominated Adviser & Broker
Steve Pearce
Euan Brown
Tel: 020 3100 2222
Whitman Howard
Joint Broker
Hugh Rich
Nick Lovering
Tel: 020 7659 1234
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 transaction | Exercise of options and subsequent sale of shares |
| c) | Price(s) and volume(s) | Exercise of 174,147 options to acquire shares at £0.25 per share and sale of all those shares at an average £0.926426 per share |
| d) | Aggregated information | |
| - Aggregated volume | See 4 c) above | |
| - Price | ||
| e) | Date of the transaction | 29 April 2019 |
| f) | Place of the transaction | AIMX |
| 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 transaction | Purchase of Shares |
| c) | Price(s) and volume(s) | 16,937 Ordinary Shares at a price of £0.93 |
| d) | Aggregated information | |
| - Aggregated volume | See 4 c) above | |
| - Price | ||
| e) | Date of the transaction | 30 April 2019 |
| f) | Place of the transaction | AIMX |
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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