VOLEX PLC — Director's Dealing 2019

Nov 27, 2019

National Storage Mechanism | Additional information

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RNS Number : 8842U

Volex PLC

27 November 2019

27 November 2019

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc, the global supplier of complex assemblies for performance-critical applications and power products, was notified yesterday that on Friday 22 November, Daren Morris, Chief Financial Officer, exercised 35,809 of the 2016 share awards that vested in March this year under the rules of the 2009 Volex plc Performance Share Plan, through the Volex Group plc Employees' Share Trust (the "Trust").

On the same date, the Trust immediately sold 35,809 Ordinary Shares of 25 pence on Mr Morris's behalf at an average price of 121.54 pence per share.

Following this exercise, Mr Morris's shareholding in the Company is unchanged at 0.45% of the Company's 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.

Enquiries

For further information please contact: 

Volex plc                                                                                                            +44 7909 995 887

Nat Rothschild, Executive Chairman

Daren Morris, Chief Financial Officer and Company Secretary

N+1 Singer - Nominated Adviser & Joint Broker                                        +44 20 7496 3000

Shaun Dobson

Alex Bond

Whitman Howard - Joint Broker                                                                    +44 20 7659 1234

Hugh Rich

Nick Lovering

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 sale of shares
c)	Price(s) and volume(s)	Exercise of 35,809 options to acquire shares at £0.25 per share and sale of all those shares at an average £1.215444 per share
d)	Aggregated information
- Aggregated volume	See 4 c) above
- Price
e)	Date of the transaction	22 November 2019
f)	Place of the transaction	AIMX

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