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 
     ---------------------------------  ---------------------------------------- 
 

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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December 19, 2018 11:56 ET (16:56 GMT)

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