Volex PLC Director/PDMR Shareholding (5778X)

TIDMVLX

RNS Number : 5778X

Volex PLC

30 April 2019

30 April 2019

Volex plc

("Volex" or the "Company")

Director/PDMR Shareholding

Volex plc, a global provider of power and data-cabling solutions, announces that Daren Morris, Chief Financial Officer, asked the Company to notify the Volex Group plc Employees' Share Trust (the "Trust") that he wished to exercise a proportion of the share awards that had recently vested under the rules of the 2009 Volex plc Performance Share Plan and immediately sell the acquired shares.

Following receipt of this notification, on Friday 26 April 2019 and Monday 29 April 2019, the Trust sold 174,147 Ordinary Shares of 25 pence on Mr Morris's behalf at an average price of 92.6 pence per share.

Separately, Mr Morris purchased 16,937 Ordinary Shares on 30 April 2019 at a price of 93.2 pence, increasing his holding of 483,063 Ordinary Shares in the Company to 500,000 Ordinary Shares, representing 0.34% 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

Daren Morris, Group Chief Financial Officer

Tel: [phone]

Liberum

Nominated Adviser & Broker

Steve Pearce

Euan Brown

Tel: [phone]

Whitman Howard

Joint Broker

Hugh Rich

Nick Lovering

Tel: [phone]

NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED

 
 1    Details of the Director / person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Daren Morris 
     ---------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status              Chief Financial Officer and Company Secretary 
     ---------------------------  ---------------------------------------------- 
 b)   Initial notification         Initial Notification 
       / Amendment 
     ---------------------------  ---------------------------------------------- 
 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           Ordinary 25 pence Shares 
       financial instrument, 
       type of instrument 
      Identification code          GB0009390070 
 b)   Nature of the transaction    Exercise of options and subsequent sale 
                                    of shares 
 c)   Price(s) and volume(s)       Exercise of 174,147 options to acquire shares 
                                    at GBP0.25 per share and sale of all those 
                                    shares at an average GBP0.926426 per share 
 
 d)   Aggregated information 
      - Aggregated volume          See 4 c) above 
      - Price 
 e)   Date of the transaction      29 April 2019 
 f)   Place of the transaction     AIMX 
     ---------------------------  ---------------------------------------------- 
 1    Details of the Director / person discharging managerial responsibilities 
       / person closely associated 
     --------------------------------------------------------------------------- 
 a)   Name                         Daren Morris 
     ---------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status              Chief Financial Officer and Company Secretary 
     ---------------------------  ---------------------------------------------- 
 b)   Initial notification         Initial Notification 
       / Amendment 
     ---------------------------  ---------------------------------------------- 
 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           Ordinary 25 pence Shares 
       financial instrument, 
       type of instrument 
      Identification code          GB0009390070 
 b)   Nature of the transaction    Purchase of Shares 
 c)   Price(s) and volume(s)       16,937 Ordinary Shares at a price of GBP0.93 
 
 d)   Aggregated information 
      - Aggregated volume          See 4 c) above 
      - Price 
 e)   Date of the transaction      30 April 2019 
 f)   Place of the transaction     AIMX 
     ---------------------------  ---------------------------------------------- 
 

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April 30, 2019 06:41 ET (10:41 GMT)