Director/PDMR Shareholding

Volex PLC

30 June 2023

 

30 June 2023

Volex plc

(the "Volex" or "Company")

Director / PDMR Dealing

Volex plc (AIM:VLX) announces that it has been notified that on 28 June 2023, certain directors and persons discharging managerial responsibilities ("PDMRs") were issued, in aggregate, 68,678 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") upon vesting of deferred bonus awards granted on 28 June 2022 under the Volex plc Deferred Bonus Plan (the "DBP Awards").  

Details of the vested DBP Awards are summarised below:

PDMR	Number of DBP Awards issued
Nat Rothschild (Executive Chairman)	29,389
John Molloy (Chief Operating Officer)	20,578
Jon Boaden (Chief Financial Officer)	18,711

The DBP Awards were satisfied using existing Ordinary Shares, held by the Company's employee benefit trust.

The Company also announces that it has been notified that on 29 June 2023, Jon Boaden sold 8,794 Ordinary Shares in order to satisfy personal taxation liabilities in relation to the vesting of the DBP Awards, and John Molloy sold 20,578 Ordinary Shares.

Following the above transactions, the PDMRs hold, or are interested in, the following Ordinary Shares (save for unvested or unexercised LTIP or DBP Awards):

PDMR	Resulting number of Ordinary Shares	Resulting percentage of issued share capital
Nat Rothschild*	44,741,837	24.73%
John Molloy**	2,310,206	1.27%
Jon Boaden	34,061	0.02%

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary **Including those shares held by Sharon Molloy, a PCA with John Molloy

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

Nat Rothschild:

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 on the vesting of DBP Awards
c)	Price(s) and volume(s)	Price(s)                   £nil	Volume(s) 29,389
d)	Aggregated information - Aggregated volume - Price	29,389 £nil
e)	Date of the transaction	28 June 2023
f)	Place of the transaction	Outside a trading venue

John Molloy:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Molloy
2	Reason for the notification
a)	Position/status	PDMR, 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 Identification code	Ordinary Shares
b)	Nature of the transaction	Issue of Ordinary Shares on the vesting of DBP Awards
c)	Price(s) and volume(s)	Price(s)                    £nil	Volume(s) 20,578
d)	Aggregated information - Aggregated volume - Price	20,578 £nil
e)	Date of the transaction	28 June 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Molloy
2	Reason for the notification
a)	Position/status	PDMR, 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 Identification code	Ordinary Shares
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s)                   283p	Volume(s) 20,578
d)	Aggregated information - Aggregated volume - Price	20,578 £58,235.74
e)	Date of the transaction	29 June 2023
f)	Place of the transaction	AIM market of London Stock Exchange plc

Jon Boaden:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jon Boaden
2	Reason for the notification
a)	Position/status	PDMR, Chief Financial 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 Identification code	Ordinary Shares
b)	Nature of the transaction	Issue of shares on the vesting of DBP Awards
c)	Price(s) and volume(s)	Price(s)                    £nil	Volume(s) 18,711
d)	Aggregated information - Aggregated volume - Price	18,711 £nil
e)	Date of the transaction	28 June 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jon Boaden
2	Reason for the notification
a)	Position/status	PDMR, Chief Financial 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 Identification code	Ordinary Shares
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s)                   283p	Volume(s) 8,794
d)	Aggregated information - Aggregated volume - Price	8,794 £24,887.02
e)	Date of the transaction	29 June 2023
f)	Place of the transaction	AIM market of London Stock Exchange plc

For further information please contact:

Volex plc	[phone]
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 Tom Ballard Ben Harrington	[phone]
HSBC Bank plc - Joint Broker Simon Alexander	[phone]
Joe Weaving

 

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