RNS Number : 1470X
Volex PLC
19 July 2024
 

19 July 2024

Volex plc

("Volex" or the "Company")

Director / PDMR Dealing

Volex plc (AIM: VLX) announces that Nat Rothschild, Executive Chairman, has been awarded 107,813 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") in satisfaction of his annual bonus payment for FY2024, as detailed on pages 115 and 116 of the Company's Annual Report & Accounts for the year ended 2024 (the "Bonus Award").  

The Bonus Award was satisfied using existing Ordinary Shares, previously held by the Company's employee benefit trust. The Bonus Award shares are being issued at a price of 354.50 pence per share, being the closing mid-market share price on 12 July 2024.

 

Following the above transaction, Nat Rothschild* is interested in 46,647,239 Ordinary Shares (save for unvested or unexercised awards), representing approximately 25.68 per cent. of the Company's issued share capital.

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary

 

 

 

For further information please contact:

Volex plc

+44 (0)7971 156 431

Nat Rothschild, Executive Chairman


Jon Boaden, Chief Financial Officer


Chris Bedford, Group General Counsel and Company Secretary






Peel Hunt LLP - Nominated Adviser & Joint Broker

Ed Allsopp

Dom Convey

Ben Harrington

+44 (0)20 7418 8900

 

 




HSBC Bank plc - Joint Broker

Simon Alexander

+44 (0)20 7991 8888

Joe Weaving






Sodali & Co - Media Enquiries

James White 

+44 (0)20 7250 1446

Nicholas Johnson




 

The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nat Rothschild 

2

Reason for the notification

a)

Position/status

PDMR, Executive Chairman

b)

Initial notification /Amendment

Initial Notification

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 financial instrument, type of instrument

Identification code

Ordinary Shares

 

 

b)

Nature of the transaction

Issue of Ordinary Shares in satisfaction of FY2024 bonus award

c)

Price(s) and volume(s)

Price(s)

                  354.50p

Volume(s)

107,813

d)

Aggregated information

- Aggregated volume

- Price

 

 

107,813

£382,200

e)

Date of the transaction

19 July 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHZKLFFZDLLBBB