Volex PLC Share Awards (0338L)
19 Dicembre 2018 - 05:56PM
UK Regulatory
TIDMVLX
RNS Number : 0338L
Volex PLC
19 December 2018
19 December 2018
Volex plc
("Volex" or the "Company")
Grant of share awards and PDMR notifications
Volex plc, a global provider of power and data cabling
solutions, today announces that Persons Discharging Managerial
Responsibilities ("PDMRs") were granted share awards over ordinary
shares of GBP0.25 each in the Company (the "Shares") on 17 December
2018.
Performance Share Awards
Performance share awards were granted under the Volex Group plc
Performance Share Plan 2009 (the "PSP Awards") over the Company's
Shares as follows:
Director or PDMR Position Number of PSP Awards
Granted
Nat Rothschild Executive Chairman 340,000
Chief Financial
Daren Morris Officer 340,000
Chief Operating
John Molloy Officer 340,000
The PSP Awards vest after three years with 50% linked to an
operating profit target and 50% linked to a relative total
shareholder return target. In each case, the price payable for the
acquisition of vested award shares is the nominal value of GBP0.25
per Share.
Following such awards, the PDMRs will hold options over an
aggregate of Shares under the Performance Share Plan 2009 as set
out below:
Position Number of PSP Awards
Director or PDMR Granted
Nat Rothschild Executive Chairman 1,946,168
Chief Financial
Daren Morris Officer 2,296,168
Chief Operating
John Molloy Officer 1,235,256
For further information please contact:
Volex plc
Daren Morris, Group Chief Financial Officer
Tel: 020 8017 3240
Liberum
Nominated Adviser & Broker
Steve Pearce
Euan Brown
Tel: 020 3100 2222
Whitman Howard
Joint Broker
Hugh Rich
Nick Lovering
Tel: 020 7659 1234
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014. Upon the publication of this
announcement via regulatory news service this inside information is
now considered to be in the public domain.
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED
1 Details of the Director / person discharging managerial responsibilities
/ person closely associated
a) Name Nat Rothschild
--------------------------------- ----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status 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 the Ordinary 25 pence Shares
financial instrument,
type of instrument
Identification code GB0009390070
b) Nature of the transactions Grant of Conditional Share Awards
c) Price(s) and volume(s) Nil - 340,000
d) Aggregated information
- Aggregated volume See 4 c) above
- Price See 4 c) above
e) Date of the transactions 17 December 2018
f) Place of the transactions Outside a trading venue
--------------------------------- ----------------------------------------
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED
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 transactions Grant of Conditional Share Awards
c) Price(s) and volume(s) Nil - 340,000
d) Aggregated information
- Aggregated volume See 4 c) above
- Price See 4 c) above
e) Date of the transactions 17 December 2018
f) Place of the transactions Outside a trading venue
--------------------------- ----------------------------------------------
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED
1 Details of the Director / person discharging managerial responsibilities
/ person closely associated
a) Name John Molloy
--------------------------------- ----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status 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 the Ordinary 25 pence Shares
financial instrument,
type of instrument
Identification code GB0009390070
b) Nature of the transactions Grant of Conditional Share Awards
c) Price(s) and volume(s) Nil - 340,000
d) Aggregated information
- Aggregated volume See 4 c) above
- Price See 4 c) above
e) Date of the transactions 17 December 2018
f) Place of the transactions Outside a trading venue
--------------------------------- ----------------------------------------
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of this information may apply. For further information, please
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END
DSHUKVNRWSAUAAA
(END) Dow Jones Newswires
December 19, 2018 11:56 ET (16:56 GMT)
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