VLX Volex Plc

TIDMVLX

RNS Number : 5580Y

Volex PLC

09 May 2019

9 May 2019

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc, a global provider of power and data-cabling solutions, announces that Nat Rothschild, Executive Chairman, asked the Company to notify the Volex Group plc Employees' Share Trust (the "Trust") that he wished to exercise the 2016 share awards that had recently vested under the rules of the 2009 Volex plc Performance Share Plan.

Having received that notification, and the 25 pence exercise price on 3 May 2019, the Trust is due to transfer 574,147 Ordinary Shares of 25 pence to Mr Rothschild. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 35,996,501 Ordinary Shares in the Company, representing 24.43% of its ordinary 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:

Volex plc

Daren Morris, Group Chief Financial Officer

Tel: 07909 995 887

Liberum

Nominated Adviser & Broker

Steve Pearce

Euan Brown

Tel: 020 3100 2222

Whitman Howard

Joint Broker

Hugh Rich

Nick Lovering

Tel: 020 7659 1234

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      Exercise of share option awards 
 c)   Price(s) and volume(s)          574,147 Ordinary 25 pence Shares at an 
                                       exercise price of GBP0.25 per Share. 
 
 d)   Aggregated information 
      - Aggregated volume             See 4 c) above 
      - Price 
 e)   Date of the transactions        3 May 2019 
 f)   Place of the transactions       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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May 09, 2019 09:35 ET (13:35 GMT)

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