VLX Volex Plc

TIDMVLX

RNS Number : 3779L

Volex PLC

29 April 2020

29 April 2020

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc, the global supplier of complex assemblies for performance-critical applications and power products , was notified on 24 April 2020 that Daren Morris, Chief Financial Officer, wished to exercise the remaining 250,000 of the 2016 share awards that vested in December 2019 under the rules of the 2009 Volex plc Performance Share Plan, through the Volex Group plc Employees' Share Trust (the "Trust").

On 29 April, the Trust sold 143,293 Ordinary Shares of 25 pence on Mr Morris's behalf at an average price of 134.1 pence per share in order to cover the 25 pence exercise price and the income tax and national insurance deductions due on the exercise, and transferred the remaining 106,707 Ordinary Shares to Mr Morris.

Following this exercise and sale, Mr Morris's shareholding in the Company has increased to 1,006,707 Ordinary Shares, representing 0.66 per cent of the Company's issued share capital.

This announcement is made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

For further information please contact :

 
                                                      +44 7909 995 
 Volex plc                                             887 
 Nat Rothschild, Executive Chairman 
 Daren Morris, Chief Financial Officer and Company 
  Secretary 
 
 
 N+1 Singer - Nominated Adviser & Joint Broker    +44 20 7496 3000 
 Shaun Dobson 
 Iqra Amin 
 
 
 Whitman Howard - Joint Broker    +44 20 7659 1234 
 Hugh Rich 
 Nick Lovering 
 
 
 1    Details of the Director / person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Daren Morris 
     ---------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status              Chief Financial Officer and Company Secretary 
     ---------------------------  ---------------------------------------------- 
 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 the           Ordinary 25 pence Shares 
       financial instrument, 
       type of instrument 
      Identification code          GB0009390070 
 b)   Nature of the transaction    Exercise of Options and Part Sale 
 c)   Price(s) and volume(s)       Exercise of 250,000 options to acquire 
                                    shares at 25 pence per share and sale 
                                    of 143,293 shares at a market prices 
                                    of 134.1 pence per share. 
 
 d)   Aggregated information 
      - Aggregated volume          See 4 c) above 
      - Price 
 e)   Date of the transaction      29 April 2020 
 f)   Place of the transaction     AIMX 
     ---------------------------  ---------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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April 29, 2020 11:19 ET (15:19 GMT)

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