Volex PLC Director/PDMR Shareholding (5471X)
19 Dicembre 2019 - 4:41PM
UK Regulatory
TIDMVLX
RNS Number : 5471X
Volex PLC
19 December 2019
19 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 19 December 2019 that Daren Morris, Chief Financial Officer,
exercised 200,000 of the 2016 share awards that vested in December
this year under the rules of the 2009 Volex plc Performance Share
Plan, through the Volex Group plc Employees' Share Trust (the
"Trust").
On 19 December, the Trust sold 113,000 Ordinary Shares of 25
pence on Mr Morris's behalf at 135.5 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 87,000 Ordinary Shares to Mr Morris.
Following this exercise and sale, Mr Morris's shareholding in
the Company has increased to 844,536 Ordinary Shares, representing
0.56 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
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2 Reason for the notification
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a) Position/status Chief Financial Officer and Company Secretary
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b) Initial notification Initial Notification
/ Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name Volex plc
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b) LEI 213800HBLQNH5FXXGE63
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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
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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 113,000
shares at a market prices of 135.5 pence
per share.
d) Aggregated information
- Aggregated volume See 4 c) above
- Price
e) Date of the transaction 19 December 2019
f) Place of the transaction AIMX
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END
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(END) Dow Jones Newswires
December 19, 2019 10:41 ET (15:41 GMT)
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