RNS Number : 4296G

Volex PLC

19 July 2023

19 July 2023

Volex plc

("Volex" or the "Company")

Director / PDMR Dealing

Volex plc (AIM: VLX) announces that Nat Rothschild, Executive Chairman, has been awarded 118,069 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") in satisfaction of his annual bonus payment for FY2023, as detailed on page 108 of the Company's Annual Report & Accounts for the year ended 2023 (the "Bonus Award").

The Bonus Award was satisfied using existing Ordinary Shares, previously held by the Company's employee benefit trust . The Bonus Award shares are being issued at a price of 289.5 pence per share, being the closing mid-market share price on 13 July 2023.

Following the above transaction, Nat Rothschild* is interested in 44,859,906 Ordinary Shares (save for unvested or unexercised awards), representing approximately 24.79 per cent. of the Company's issued share capital.

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary.

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 
 Peel Hunt LLP - Nominated Adviser & Joint 
  Ed Allsopp 
  Tom Ballard                                        +44 (0)20 7418 
  Ben Harrington                                      8900 
 HSBC Bank plc - Joint Broker 
  Simon Alexander                                    +44 (0)20 7991 
  Joe Weaving                                         8888 

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

 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 
 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 
 b)   Nature of the                             Issue of Ordinary Shares in satisfaction 
       transaction                               of FY2023 bonus award 
 c)   Price(s) and volume(s)                         Price(s)              Volume(s) 
                                                       289.50                118,069 
     ========================================  ==================== 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                                    118,069 
 e)   Date of the transaction                   18 July 2023 
 f)   Place of the transaction                  Outside a trading venue 
===  ========================================  =========================================== 

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(END) Dow Jones Newswires

July 19, 2023 02:00 ET (06:00 GMT)

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