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VOLEX PLC Director's Dealing 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 8154X
Volex PLC
31 August 2022
31 August 2022
Volex plc
(the "Volex" or "Company")
Director / PDMR Dealing
Volex plc (AIM:VLX) announces that it has been notified that on 26 August 2022, the following directors / persons discharging managerial responsibilities ('PDMRs') acquired (in aggregate) 97,011 ordinary shares in the capital of the Company (the 'Shares') upon vesting of the deferred bonus awards granted to them on 26 August 2021 under the Volex plc Deferred Bonus Plan (the 'DBP Awards'). Details of the vested DBP Awards are summarised below:
| PDMR | Number of vested Shares |
| Nat Rothschild | 42,365 |
| John Molloy | 29,011 |
| Jon Boaden | 25,635 |
The DBP Awards were satisfied on a nil-cost basis using existing Shares purchased in the market by the trustee of the Company's employee benefit trust.
The Company also announces that it has been notified that on 26 August 2022, 14,505 vested Shares were retained and sold on John Molloy's behalf and 12,369 vested Shares were retained and sold on Jon Boaden's behalf to settle their respective tax liabilities in relation to the vesting of their DBP Awards (in accordance with an irrevocable authority provided to the Company by each PDMR for this purpose).
Following the above dealings, and the dealings announced on 30 August 2022 in connection with the scrip dividend, the PDMRs hold (or are interested in) the following Shares (not including unvested or unexercised LTIP or DBP Awards):
| PDMR | Number of Shares | Holding as a percentage of issued share capital |
| Nat Rothschild* | 39,321,176 | 24.72% |
| John Molloy** | 2,310,206 | 1.45% |
| Jon Boaden | 15,054 | 0.009% |
*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary **Including those shares held by Sharon Molloy, a PCA with John Molloy
This announcement is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018.
Nat Rothschild:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Nat Rothschild | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, 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 Identification code |
Ordinary Shares of 25 pence each | |
| b) | Nature of the transaction | Acquisition of shares on the vesting of deferred bonus award | |
| c) | Price(s) and volume(s) | Price(s) £nil |
Volume(s) 42,365 |
| d) | Aggregated information - Aggregated volume - Price |
42,365 £nil |
|
| e) | Date of the transaction | 26 August 2022 | |
| f) | Place of the transaction | Outside a trading venue |
John Molloy:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | John Molloy | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, 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 Identification code |
Ordinary Shares of 25 pence each | |
| b) | Nature of the transaction | Acquisition of shares on the vesting of deferred bonus award | |
| c) | Price(s) and volume(s) | Price(s) £nil |
Volume(s) 29,011 |
| d) | Aggregated information - Aggregated volume - Price |
29,011 £nil |
|
| e) | Date of the transaction | 26 August 2022 | |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | John Molloy | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, 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 Identification code |
Ordinary Shares of 25 pence each | |
| b) | Nature of the transaction | Sale of shares to settle tax liability arising on the vesting of deferred bonus award | |
| c) | Price(s) and volume(s) | Price(s) 283.5p |
Volume(s) 14,505 |
| d) | Aggregated information - Aggregated volume - Price |
14,505 £41,121.68 |
|
| e) | Date of the transaction | 26 August 2022 | |
| f) | Place of the transaction | AIM market of the London Stock Exchange |
Jon Boaden:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jon Boaden | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, Chief Financial 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 Identification code |
Ordinary Shares of 25 pence each | |
| b) | Nature of the transaction | Acquisition of shares on the vesting of deferred bonus award | |
| c) | Price(s) and volume(s) | Price(s) £nil |
Volume(s) 25,635 |
| d) | Aggregated information - Aggregated volume - Price |
25,635 £nil |
|
| e) | Date of the transaction | 26 August 2022 | |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jon Boaden | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, Chief Financial 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 Identification code |
Ordinary Shares of 25 pence each | |
| b) | Nature of the transaction | Sale of shares to settle tax liability arising on the vesting of deferred bonus award | |
| c) | Price(s) and volume(s) | Price(s) 283.50p |
Volume(s) 12,369 |
| d) | Aggregated information - Aggregated volume - Price |
12,369 £35,066.12 |
|
| e) | Date of the transaction | 26 August 2022 | |
| f) | Place of the transaction | AIM market of the London Stock Exchange |
For further information please contact:
| Volex plc | +44 (0)7971 156 431 |
| Nat Rothschild, Executive Chairman | |
| Jon Boaden, Chief Financial Officer | |
| Christian Bedford, Group General Counsel and Company Secretary | |
| Singer Capital Markets (Nominated Adviser & Joint Broker) | +44 (0)20 7496 3000 |
| Shaun Dobson / George Tzimas | |
| HSBC Bank plc - Joint Broker | +44 (0)20 7991 8888 |
| Simon Alexander / Joe Weaving |
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