Director/PDMR Shareholding

RNS Number : 8784G
Volex PLC
19 March 2020
 

19 March 2020

 

 

Volex plc

("Volex" or the "Company")

 

Director/PDMR Shareholding

 

Volex plc announces that on 17 March 2020, John Molloy, its Chief Operating Officer, notified the Company that he wished to exercise 495,256 of the February 2017 share awards that vested in February 2020 under the rules of the 2009 Volex plc Performance Share Plan.

Following notification to the Employees' Share Trust (the "Trust") on 18 March, the Trust is due to transfer 495,256 Ordinary Shares of 25 pence to Mr Molloy. Following this transaction, Mr Molloy will hold 733,706 Ordinary Shares in the Company, representing 0.48% of its ordinary 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 :

 

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


 

1

Details of the Director / person discharging managerial responsibilities / person closely associated 

a)

Name

John Molloy

2

Reason for the notification

a)

Position/status

Chief Operating Officer

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 

Ordinary 25 pence Shares

Identification code 

GB0009390070

b)

Nature of the transaction

Exercise of Share Options

c)

Price(s) and volume(s) 

495,256 Ordinary 25 pence Shares at an exercise price of 25p per Share.


 

d)

Aggregated information 


- Aggregated volume

See 4 c) above

- Price


e)

Date of the transaction

18 March 2020

f)

Place of the transaction 

AIMX

 


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Volex (VLX)
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