18 December 2024
Volex plc
("Volex" or the
"Company")
Director / PDMR
Shareholding
Volex plc (AIM:VLX) announces that on Monday 16
December 2024 Lord Rothschild, Executive Chairman, exercised a
nil-cost award over 115,425 ordinary shares of 25 pence each in the
Company (the 'Ordinary Shares') granted to him under the Volex plc
Long Term Incentive Plan (the 'LTIP Award').
The LTIP Award was granted on 15 February 2022,
subject to performance conditions being met relating to profit and
relative total shareholder return. On 3 December 2024 the
Company's remuneration committee assessed the performance
conditions and determined that 115,425 Ordinary Shares would vest
and become exercisable with effect from 7 December 2024.
The LTIP Award will be satisfied using existing
shares purchased in the market by the trustee of the Company's
employee benefit trust. In accordance with the rules of
the LTIP, the Ordinary Shares acquired on exercise will be subject
a two-year holding period expiring on 7 December 2026.
Following the exercise of the LTIP Award, Lord
Rothschild* is interested in 46,762,664 Ordinary Shares (save for
unvested or unexercised awards), representing approximately 25.74
per cent. of the Company's issued share capital.
* Including
those shares held through NR Holdings Ltd, of which Lord Rothschild
is a beneficiary.
For further information please
contact:
|
Volex plc
Lord
Rothschild, Executive Chairman
Jon Boaden,
Chief Financial Officer
|
+44 1256 442570
investor.relations@volex.com
|
|
Peel Hunt LLP - Nominated
Adviser & Joint Broker
Ed
Allsopp
Dom
Convey
Tom
Graham
|
+44 (0)20
7418 8900
|
|
HSBC Bank plc - Joint
Broker
Simon
Alexander
Joe
Weaving
Stephanie
Cornish
|
+44 (0)20 7991 8888
|
|
Sodali & Co - Media
Enquiries
James
White
Nicholas
Johnson
|
+44 (0)20 7250 1446
|
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 of 25 pence
each
|
|
b)
|
Nature of
the transaction
|
Exercise of award granted under the
Volex plc Long Term Incentive Plan to acquire ordinary
shares
|
|
c)
|
Price(s)
and volume(s)
|
Price(s)
£nil
|
Volume(s)
115,425
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
115,425
£nil
|
|
e)
|
Date of the
transaction
|
16 December 2024
|
|
f)
|
Place of
the transaction
|
Outside a trading venue
|
About Volex
plc
Volex plc (AIM:VLX) is a driving
force in integrated manufacturing for mission-critical applications
and a global leader in power and data connectivity solutions. Our
diverse operations support international blue-chip customers in
five key sectors: Electric Vehicles, Consumer Electricals, Medical,
Complex Industrial Technology and Off-Highway. Headquartered in the
UK, we orchestrate operations across 28 advanced manufacturing
facilities, uniting 14,000 dynamic individuals from 25 different
nations. Our extraordinary products find their way to market
through our localised sales teams and authorised distributor
partners, supporting Original Equipment Manufacturers and
Electronic Manufacturing Services companies across the globe. In a
world that grows more digitally complex by the day, customers trust
us to deliver power and connectivity that drives everything from
household essentials to life-saving medical equipment. Learn more
at www.volex.com.