discoverIE Group plc Director/PDMR Shareholding (0358Q)

TIDMDSCV

RNS Number : 0358Q

discoverIE Group plc

24 June 2022

24 June 2022

discoverIE Group plc

Director/PDMR Shareholding

discoverIE Group plc (LSE:DSCV, the "Company"), a leading international designer and manufacturer of customised electronics for industrial applications, announces that, on 23 June 2022, Mrs Susan Jefferies, wife of Nick Jefferies, and Simon Gibbins, each acquired 3,297 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an average price of GBP6.01.

Following these purchases, Nick Jefferies is interested in 1,245,127 Ordinary Shares, representing approximately 1.30% of the Company's voting share capital and Simon Gibbins is interested in 391,561 Ordinary Shares, representing approximately 0.41% of the Company's voting share capital.

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                                   Susan Jefferies 
     -------------------------------------  -------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position / status                      PCA of Nick Jefferies, Group 
                                              Chief Executive 
     -------------------------------------  -------------------------------- 
 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 
       instrument, type of instrument 
 
       Identification code                    GB0000055888 
     -------------------------------------  -------------------------------- 
 b)   Nature of the transaction              Share acquisition 
     -------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                   Price           Volume 
                                                601.01 pence 
                                                 per share      3,297 
                                                               ------- 
     -------------------------------------  -------------------------------- 
 d)   Aggregated information 
                                               As above 
     -------------------------------------  -------------------------------- 
 e)   Date of the transaction                23 June 2022 
     -------------------------------------  -------------------------------- 
 f)   Place of the transaction               London Stock Exchange, Main 
                                              Market (XLON) 
     -------------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                    Simon Gibbins 
     --------------------------------------  ------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position / status                       Group Finance Director 
     --------------------------------------  ------------------------------- 
 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 
       instrument, type of instrument 
 
       Identification code                     GB0000055888 
     --------------------------------------  ------------------------------- 
 b)   Nature of the transaction               Share acquisition 
     --------------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)                    Price           Volume 
                                                 601.01 pence 
                                                  per share      3,297 
                                                                ------- 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information 
                                                As above 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 23 June 2022 
     --------------------------------------  ------------------------------- 
 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 and manufactures innovative electronic components for industrial applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships.

With a focus on sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with complementary acquisitions. The Group has an ongoing commitment to reducing the impact of its operations on the environment and with its key markets aligned with a sustainable future, MSCI has awarded the Group an ESG "A" rating.

The Group employs c.4,900 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America.

discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE250, classified within the Electrical Components and Equipment subsector.

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June 24, 2022 02:00 ET (06:00 GMT)