Issue of Equity and Total Voting Rights

RNS Number : 4425J
Volex PLC
13 December 2022
 

13 December 2022

 

Volex plc

("Volex" or the "Company")

Issue of Equity and Total Voting Rights

The Company announces that, pursuant to the Company's scrip dividend alternative for the interim dividend of 1.3 pence per share for the half year ended 2 October 2022, elections to be paid on 16 December 2022 were received in respect of 2,379,741 ordinary shares of 25 pence each in the Company ("Ordinary Shares") as at the record date of 18 November 2022. Accordingly, 10,761 Ordinary Shares (the "Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 287.30 pence each.

Application has been made to the London Stock Exchange for the Scrip Dividend Shares to be admitted to AIM. It is expected that dealings in the Scrip Dividend Shares will commence at 8.00 a.m. on 16 December 2022.

The Scrip Dividend Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Total voting rights

Following admission of the Scrip Dividend Shares, the Company's total issued share capital will consist of 159,107,085 ordinary shares of 25 pence each with one voting right per share.

As the Company does not hold any shares in treasury, the total number of voting rights in the Company is also 159,107,085 and this figure of ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Volex plc

+44 (0)7971 156 431

Nat Rothschild, Executive Chairman


Jon Boaden, Chief Financial Officer


Christian Bedford, Group General Counsel and Company Secretary




Singer Capital Markets (Nominated Adviser & Joint Broker)

+44 (0)20 7496 3000

Shaun Dobson / George Tzimas




HSBC Bank plc  (Joint Broker)

+44 (0)20 7991 8888

Simon Alexander / Joe Weaving


 

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