TIDMVLX

RNS Number : 6190E

Volex PLC

30 June 2023

30 June 2023

Volex plc

(the "Volex" or "Company")

Director / PDMR Dealing

Volex plc (AIM:VLX) announces that it has been notified that on 28 June 2023, certain directors and persons discharging managerial responsibilities ("PDMRs") were issued, in aggregate, 68,678 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") upon vesting of deferred bonus awards granted on 28 June 2022 under the Volex plc Deferred Bonus Plan (the "DBP Awards").

Details of the vested DBP Awards are summarised below:

 
 PDMR                                   Number of DBP Awards issued 
 Nat Rothschild (Executive Chairman)                         29,389 
                                       ---------------------------- 
 John Molloy (Chief Operating 
  Officer)                                                   20,578 
                                       ---------------------------- 
 Jon Boaden (Chief Financial 
  Officer)                                                   18,711 
                                       ---------------------------- 
 

The DBP Awards were satisfied using existing Ordinary Shares, held by the Company's employee benefit trust .

The Company also announces that it has been notified that on 29 June 2023, Jon Boaden sold 8,794 Ordinary Shares in order to satisfy personal taxation liabilities in relation to the vesting of the DBP Awards, and John Molloy sold 20,578 Ordinary Shares.

Following the above transactions, the PDMRs hold, or are interested in, the following Ordinary Shares (save for unvested or unexercised LTIP or DBP Awards):

 
 PDMR                  Resulting number   Resulting percentage of 
                     of Ordinary Shares      issued share capital 
 Nat Rothschild*             44,741,837                    24.73% 
                   --------------------  ------------------------ 
 John Molloy**                2,310,206                     1.27% 
                   --------------------  ------------------------ 
 Jon Boaden                      34,061                     0.02% 
                   --------------------  ------------------------ 
 

*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

The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

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                      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                            Ordinary Shares 
       the financial 
       instrument, type 
       of instrument 
       Identification 
       code 
     ======================================== 
 b)   Nature of the                             Issue of Ordinary Shares on the vesting 
       transaction                               of DBP Awards 
 c)   Price(s) and volume(s)                         Price(s)              Volume(s) 
                                                       GBPnil                29,389 
     ========================================  ==================== 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                                    29,389 
                                                  GBPnil 
 e)   Date of the transaction                   28 June 2023 
     ======================================== 
 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                      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                            Ordinary Shares 
       the financial 
       instrument, type 
       of instrument 
       Identification 
       code 
     ======================================== 
 b)   Nature of the                             Issue of Ordinary Shares on the vesting 
       transaction                               of DBP Awards 
 c)   Price(s) and volume(s)                         Price(s)              Volume(s) 
                                                       GBPnil                20,578 
     ========================================  ==================== 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                                    20,578 
                                                  GBPnil 
 e)   Date of the transaction                   28 June 2023 
     ======================================== 
 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                      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                            Ordinary Shares 
       the financial 
       instrument, type 
       of instrument 
       Identification 
       code 
     ======================================== 
 b)   Nature of the                             Sale of Ordinary Shares 
       transaction 
 c)   Price(s) and volume(s)                         Price(s)              Volume(s) 
                                                        283p                 20,578 
     ========================================  ==================== 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                                    20,578 
                                                  GBP58,235.74 
 e)   Date of the transaction                   29 June 2023 
     ======================================== 
 f)   Place of the transaction                  AIM market of London Stock Exchange plc 
===  ========================================  ========================================== 
 

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                      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                            Ordinary Shares 
       the financial 
       instrument, type 
       of instrument 
       Identification 
       code 
     ======================================== 
 b)   Nature of the                             Issue of shares on the vesting of DBP 
       transaction                               Awards 
 c)   Price(s) and volume(s)                         Price(s)            Volume(s) 
                                                       GBPnil              18,711 
     ========================================  =================== 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                                    18,711 
                                                  GBPnil 
 e)   Date of the transaction                   28 June 2023 
     ======================================== 
 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                      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                            Ordinary Shares 
       the financial 
       instrument, type 
       of instrument 
       Identification 
       code 
     ======================================== 
 b)   Nature of the                             Sale of Ordinary Shares 
       transaction 
 c)   Price(s) and volume(s)                         Price(s)              Volume(s) 
                                                        283p                 8,794 
     ========================================  ==================== 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                                    8,794 
                                                  GBP24,887.02 
 e)   Date of the transaction                   29 June 2023 
     ======================================== 
 f)   Place of the transaction                  AIM market of London Stock Exchange plc 
===  ========================================  ========================================== 
 

For further information please contact:

 
                                                     +44 (0)7971 156 
   Volex plc                                          431 
 Nat Rothschild, Executive Chairman 
 Jon Boaden, Chief Financial Officer 
 Chris Bedford, Group General Counsel and Company 
  Secretary 
 
 Peel Hunt LLP - Nominated Adviser & Joint 
  Broker 
  Ed Allsopp 
  Tom Ballard                                        +44 (0)20 7418 
  Ben Harrington                                      8900 
 
 HSBC Bank plc - Joint Broker                        +44 (0)20 7991 
  Simon Alexander                                     8888 
 Joe Weaving 
 

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END

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June 30, 2023 11:40 ET (15:40 GMT)

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