6
August 2024
discoverIE Group
plc
Director / PDMR
Shareholding
discoverIE Group plc (LSE: DSCV,
"discoverIE" or "the Company"), a leading international designer
and manufacturer of customised electronics to industry, announces
that, on Friday 2 August 2024, Clive Watson, a Non-Executive
Director of the Company, acquired 47 Ordinary Shares pursuant to a
dividend reinvestment plan ("DRIP") and that, on Monday 5 August
2024, Simon Gibbins, Group Finance Director acquired 5,005 Ordinary
Shares pursuant to a DRIP.
Following the acquisitions, Mr
Watson has an interest in 22,947 Ordinary Shares, representing
approximately 0.02% of the Company's issued share capital and Mr
Gibbins has an interest in 411,395 Ordinary Shares (approximately
0.43%).
The following disclosures are made
in accordance with the UK Market Abuse Regulation.
For further information, please
contact:
discoverIE Group plc
Greg Davidson - Company
Secretary 01483 544 500
Buchanan
Chris Lane, Toto Berger, Jack
Devoy 020 7466 5000
discoverIE@buchanan.uk.com
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc is an
international group of businesses that design and manufacture
innovative electronic components for industrial
applications.
The Group provides
application-specific components to original equipment manufacturers
("OEMs") internationally through its two divisions, Magnetics &
Controls, and Sensing & Connectivity. By designing components
that meet customers' unique requirements, which are then
manufactured and supplied throughout the life of their production,
a high level of repeating revenue is generated with long-term
customer relationships.
With a focus on sustainable key
markets driven by structural growth and increasing electronic
content, namely renewable energy, medical, electrification of
transportation and industrial automation & connectivity, the
Group aims to achieve organic growth that is well ahead of GDP and
to supplement that with complementary acquisitions. The Group is
committed to reducing the impact of its operations on the
environment with an SBTi-aligned plan to reach net zero. With its
key markets aligned with a sustainable future, the Group has been
awarded an ESG "AA" rating by MSCI and is Regional (Europe) Top
Rated by Sustainalytics.
The Group employs c.4,500 people
across 20 countries with its principal operating units located in
Continental Europe, the UK, China, Sri Lanka, India and North
America.
discoverIE is listed on the Main
Market of the London Stock Exchange and is a member of the FTSE250,
classified within the Electrical Components and Equipment
subsector.