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:
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Volex plc |
+44 7909 995 887 |
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Nat Rothschild, Executive Chairman |
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Daren Morris, Chief Financial Officer and Company Secretary |
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N+1 Singer - Nominated Adviser & Joint Broker |
+44 20 7496 3000 |
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Shaun Dobson |
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Iqra Amin |
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Whitman Howard - Joint Broker |
+44 20 7659 1234 |
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Hugh Rich |
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Nick Lovering |
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1 |
Details of the Director / person discharging managerial responsibilities / person closely associated |
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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 / Amendment |
Initial Notification |
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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 financial instrument, type of instrument |
Ordinary 25 pence Shares |
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Identification code |
GB0009390070 |
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b) |
Nature of the transaction |
Exercise of Options and Part Sale |
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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. |
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d) |
Aggregated information |
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- Aggregated volume |
See 4 c) above |
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- Price |
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e) |
Date of the transaction |
29 April 2020 |
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f) |
Place of the transaction |
AIMX |