RNS Number : 1178B
Volex PLC
26 January 2024

26 January 2024

Volex plc

("Volex" or the "Company")

Director / PDMR Shareholding

Volex plc (AIM: VLX) announces that on Wednesday 24 January 2024, Nat Rothschild, Executive Chairman, exercised a nil-cost award over ordinary shares of 25 pence each in the company ("Ordinary Shares") granted to him under the Volex plc Long Term Incentive Plan (the 'LTIP Award'). 

The LTIP Award was granted on 10 September 2019 subject to performance conditions being met relating to profit and relative total shareholder return ("TSR").  The Company's remuneration committee assessed the performance conditions and determined that 680,000 awards should be granted pursuant to the LTIP Award, and consequently, Nat Rothschild has exercised 680,000 LTIP Awards over Ordinary Shares.

The LTIP Award will be satisfied using existing shares purchased in the market by the trustee of the Company's employee benefit trust.   The Ordinary Shares acquired on exercise are subject to a holding period expiring 10 September 2025.

Following the exercise of the LTIP Award, Nat Rothschild1 is interested in 46,539,426 shares Ordinary Shares (save for unvested or unexercised awards), representing approximately 25.62 per cent. of the Company's issued share capital.


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


For further information please contact:

Volex plc

Nat Rothschild, Executive Chairman

Jon Boaden, Chief Financial Officer

+44 (0)7971 156 431



Peel Hunt LLP - Nominated Adviser & Joint Broker

Ed Allsopp

Tom Ballard

Ben Harrington

+44 (0)20 7418 8900



HSBC Bank plc - Joint Broker

Simon Alexander

Joe Weaving

+44 (0)20 7991 8888


Powerscourt - Media Enquiries

James White  


+44 (0)20 7250 1446

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:


Details of the person discharging managerial responsibilities/person closely associated



Nat Rothschild 


Reason for the notification



PDMR, Executive Chairman


Initial notification /Amendment

Initial Notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Volex PLC





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


Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 25 pence each




Nature of the transaction

Exercise of award granted under the Volex plc Long Term Incentive Plan to acquire ordinary shares


Price(s) and volume(s)






Aggregated information

- Aggregated volume

- Price






Date of the transaction

24 January 2024


Place of the transaction

Outside a trading venue


 About Volex

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data centre power and connectivity, electric vehicles, and consumer electricals. We are headquartered in the UK and operate from 27 manufacturing locations with a global workforce of over 11,500 people across 24 countries. Our products are sold through our own locally based sales teams and through authorised distributor partners to Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing Services ('EMS') companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment. For more information, please visit www.volex.com


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