discoverIE Group plc Director/PDMR Shareholding (5191J)

TIDMDSCV

RNS Number : 5191J

discoverIE Group plc

05 December 2018

5 December 2018

discoverIE Group plc

Director/PDMR Shareholding

discoverIE Group plc (LSE:DSCV, the "Company"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that on 4 December 2018, Malcolm Diamond acquired 5,362 ordinary shares of 5p each in the Company at a price of GBP3.73.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               Malcolm Diamond 
     ---------------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position / status                  Non-Executive Chairman 
     ---------------------------------  -------------------------------------- 
 b)   Initial notification / amendment   Initial notification 
     ---------------------------------  -------------------------------------- 
 3    Details of issuer 
     ------------------------------------------------------------------------- 
 a)   Name                               discoverIE Group plc 
     ---------------------------------  -------------------------------------- 
 b)   LEI                                213800BMDLQU1VEEAN68 
     ---------------------------------  -------------------------------------- 
 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       Ordinary shares of 5p each 
       instrument, type of instrument     in discoverIE Group plc 
       Identification code                GB0000055888 
     ---------------------------------  -------------------------------------- 
 b)   Nature of the transaction          Share acquisition 
     ---------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)               Price           Volume 
                                            372.85 pence 
                                             per share      5,362 
                                                           ------- 
     ---------------------------------  -------------------------------------- 
 d)   Aggregated information               Price        Volume   Total 
                                            372.85       5,362    GBP19,997.58 
                                             pence per 
                                             share 
                                                        -------  ------------- 
     ---------------------------------  -------------------------------------- 
 e)   Date of the transaction            4 December 2018 
     ---------------------------------  -------------------------------------- 
 f)   Place of the transaction           London Stock Exchange, Main 
                                          Market (XLON) 
     ---------------------------------  -------------------------------------- 
 

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of repeating revenue and long term customer relationships.

By focusing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to (achieve) organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.

The Group employs c.4,000 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.

The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of GBP0.4bn. Over the last five years, revenue and underlying earnings per share has more than doubled.

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December 05, 2018 05:12 ET (10:12 GMT)