Volex PLC Director/PDMR Shareholding (3779L)
29 Aprile 2020 - 5:19PM
UK Regulatory
TIDMVLX
RNS Number : 3779L
Volex PLC
29 April 2020
29 April 2020
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 24 April 2020 that Daren Morris, Chief Financial Officer, wished
to exercise the remaining 250,000 of the 2016 share awards that
vested in December 2019 under the rules of the 2009 Volex plc
Performance Share Plan, through the Volex Group plc Employees'
Share Trust (the "Trust").
On 29 April, the Trust sold 143,293 Ordinary Shares of 25 pence
on Mr Morris's behalf at an average price of 134.1 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 106,707 Ordinary Shares to Mr Morris.
Following this exercise and sale, Mr Morris's shareholding in
the Company has increased to 1,006,707 Ordinary Shares,
representing 0.66 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.
For further information please contact :
+44 7909 995
Volex plc 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
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 25 pence Shares
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 250,000 options to acquire
shares at 25 pence per share and sale
of 143,293 shares at a market prices
of 134.1 pence per share.
d) Aggregated information
- Aggregated volume See 4 c) above
- Price
e) Date of the transaction 29 April 2020
f) Place of the transaction AIMX
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END
DSHEKLFLBZLFBBD
(END) Dow Jones Newswires
April 29, 2020 11:19 ET (15:19 GMT)
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