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VOLEX PLC — Director's Dealing 2019
Dec 5, 2019
8012_dirs_2019-12-05_dcf628f0-883e-4916-a7e6-7fa986a04fce.html
Director's Dealing
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RNS Number : 8702V
Volex PLC
05 December 2019
5 December 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 on 5 December 2019 that Nat Rothschild, Executive Chairman, exercised 600,000 share options, which were granted in December 2016 under the rules of the 2009 Volex plc Performance Share Plan and which vested on 1 December this year, through the Volex Group plc Employees' Share Trust (the "Trust").
Following the Company's receipt of the exercise price of 25 pence per share and tax due on the transaction on 4 December 2019, the Trust transferred 600,000 Ordinary Shares of 25 pence to Mr Rothschild on 5 December 2019. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 36,876,078 Ordinary Shares in the Company, representing 24.61% 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.
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
Iqra Amin
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 | 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 Shares of 25 pence each |
| Identification code | GB0009390070 | |
| b) | Nature of the transaction | Exercise of options |
| c) | Price(s) and volume(s) | Exercise of 600,000 options to acquire shares at 25 pence per share |
| d) | Aggregated information | |
| - Aggregated volume | See 4 c) above | |
| - Price | ||
| e) | Date of the transaction | 5 December 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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