Volex PLC Director/PDMR Shareholding
22 Dicembre 2022 - 11:03AM
UK Regulatory (RNS & others)
TIDMVLX
RNS Number : 6214K
Volex PLC
22 December 2022
22 December 2022
Volex plc
("Volex" or the "Company")
Director / PDMR Dealing
Volex plc (AIM:VLX) announces that on 21 December 2022 the
following directors/persons discharging managerial responsibility
("PDMRs") were granted nil-cost options (the "LTIP Awards") over
ordinary shares of 25 pence each in the capital of the Company (the
"Shares") under the Company's Long Term Incentive Plan.
PDMR Type of Award Maximum Number of Shares
Nat Rothschild Nil-cost option 950,000
----------------- -------------------------
John Molloy Nil-cost option 800,000
----------------- -------------------------
Jon Boaden Nil-cost option 475,000
----------------- -------------------------
The performance targets for the LTIP Awards are based on
achieving and outperforming the five-year plan announced in June
2022, with half of the awards vesting in five years, and half in
six years. In addition to the above named directors/PDMRs, a small
number of senior leaders within the business who are expected to
make a significant impact on delivering the Company's five-year
plan will receive LTIP Awards over, in aggregate, a maximum of
1,480,000 Shares. This will align the senior team with the strategy
and provide an important retention mechanism over the plan
period.
Rather than receive an annual award this year and for the
following two years, participants will receive a single cumulative
award this year which is aligned to the performance targets of the
five-year plan. The maximum number of Shares subject to the LTIP
Awards reflects the fact that further awards will not be granted to
participants in the next two years.
As noted above, in the ordinary course, 50% of the LTIP Awards
will become exercisable on the fifth anniversary of the date of
grant with the remaining 50% of the LTIP Awards exercisable on the
sixth anniversary. Vesting of the LTIP Awards is subject to the
individuals continuing employment with the Company and the
satisfaction of annual underlying profit performance conditions
based on the Company's five-year plan, measured in FY25, FY26 and
FY27 respectively.
Following the grant of these awards, the aggregate number of
Shares which have been or may be issued in connection with awards
granted during the previous ten years under the LTIP, together with
any other employee share plan adopted by the Company, will not
exceed 10% of the Company's issued share capital.
The following disclosure 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:
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 Initial Notification
/Amendment
======================================= ======================================
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 Options over ordinary shares of 25
the financial pence each
instrument, type
of instrument
Identification
code
==== ======================================= ======================================
b) Nature of the Grant of awards under the Volex plc
transaction Long Term Incentive Plan
======================================= ======================================
c) Price(s) and Price(s) Volume(s)
volume(s)
GBPnil 950,000
==== ======================================= ================= ===================
d) Aggregated information n/a - single transaction
- Aggregated
volume
- Price
======================================= ======================================
e) Date of the transaction 21 December 2022
==== ======================================= ======================================
f) Place of the Outside a trading venue
transaction
======================================= ======================================
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 Initial Notification
/Amendment
=================================== ======================================
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 Options over ordinary shares of 25
the financial pence each
instrument, type
of instrument
Identification
code
==== =================================== ======================================
b) Nature of the Grant of awards under the Volex plc
transaction Long Term Incentive Plan
=================================== ======================================
c) Price(s) and Price(s) Volume(s)
volume(s)
GBPnil 800,000
==== =================================== ================== ==================
d) Aggregated information n/a - single transaction
- Aggregated
volume
- Price
=================================== ======================================
e) Date of the transaction 21 December 2022
==== =================================== ======================================
f) Place of the Outside a trading venue
transaction
=================================== ======================================
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 Initial Notification
/Amendment
=================================== ======================================
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 Options over ordinary shares of 25
the financial pence each
instrument, type
of instrument
Identification
code
==== =================================== ======================================
b) Nature of the Grant of awards under the Volex plc
transaction Long Term Incentive Plan
=================================== ======================================
c) Price(s) and Price(s) Volume(s)
volume(s)
GBPnil 475,000
==== =================================== ================== ==================
d) Aggregated information n/a - single transaction
- Aggregated
volume
- Price
=================================== ======================================
e) Date of the transaction 21 December 2022
==== =================================== ======================================
f) Place of the Outside a trading venue
transaction
=================================== ======================================
For further information please contact:
+44 (0)7971 156
Volex plc 431
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Christian Bedford, Group General Counsel and
Company Secretary
Singer Capital Markets - Nominated Adviser & +44 (0)20 7496
Joint Broker 3000
Shaun Dobson
George Tzimas
+44 (0)20 7991
HSBC Bank plc - Joint Broker 8888
Simon Alexander
Joe Weaving
+44 (0)20 7250
Powerscourt - Media Enquiries 1446
James White
Nick Johnson
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END
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(END) Dow Jones Newswires
December 22, 2022 05:03 ET (10:03 GMT)
Grafico Azioni Volex (LSE:VLX)
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Da Mar 2023 a Mar 2023
Grafico Azioni Volex (LSE:VLX)
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Da Mar 2022 a Mar 2023
