TIDMVLX

RNS Number : 5074W

Volex PLC

11 December 2019

11 December 2019

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 10 December 2019 that Daren Morris, Chief Financial Officer, exercised 200,000 of the 2016 share awards that vested in March this year under the rules of the 2009 Volex plc Performance Share Plan, through the Volex Group plc Employees' Share Trust (the "Trust").

On 10 December, the Trust sold 113,557 Ordinary Shares of 25 pence on Mr Morris's behalf at 136 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 86,443 Ordinary Shares to Mr Morris.

Following this exercise and sale, Mr Morris's shareholding in the Company has increased to 757,536 Ordinary Shares, representing 0.51 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.

Enquiries

For further information please contact:

Volex plc +44 7909 995 887

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

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 Shares of 25 pence each 
       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 200,000 options to acquire shares 
                                    at 25 pence per share and sale of 113,557 
                                    shares at a market prices of 136 pence per 
                                    share. 
 
 d)   Aggregated information 
      - Aggregated volume          See 4 c) above 
      - Price 
 e)   Date of the transaction      10 December 2019 
 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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December 11, 2019 04:40 ET (09:40 GMT)

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