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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Volex Plc | LSE:VLX | London | Ordinary Share | GB0009390070 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
5.00 | 1.46% | 347.00 | 346.00 | 348.00 | 348.00 | 330.00 | 330.00 | 465,918 | 16:35:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 722.8M | 36.8M | 0.2031 | 17.13 | 630.42M |
TIDMVLX
RNS Number : 1706M
Volex PLC
12 September 2019
12 September 2019
Volex plc
("Volex" or the "Company")
Grant of LTIP Share Options to PDMRs
Volex plc, the global supplier of complex assemblies for performance-critical applications and power products, announces that PDMRs were granted nil-cost options over ordinary shares of 25 pence each in the Company (the "Shares") on 10 September 2019 under the Company's new Long Term Incentive Plan ("LTIP").
Long Term Incentive Share Awards
The following options were granted over the Company's Shares:
PDMR Position Number of LTIP Options Granted Nat Rothschild Executive Chairman 340,000 Chief Financial Daren Morris Officer 680,000 Chief Operating John Molloy Officer 680,000
The new LTIP scheme, which replaces the expired Volex Group plc Performance Share Plan 2009 ("PSP"), was formally approved by the board of directors and the Company's shareholders at the AGM held on 30 July 2019. In line with the LTIP rules, these senior management options will vest and become exercisable after three years, subject to performance conditions being met relating to profit and total shareholder return targets and to the recipient's continued employment with the Company. The LTIP also includes provisions requiring retention of the shares for an additional period and for clawback of awards in specific circumstances. Exercise of the options may be satisfied by the transfer of new-issue shares, treasury shares or shares purchased for that purpose in the open market by the Company and/or an employee trust.
Following these awards, the Company's PDMRs will hold unvested and/or unexercised options over an aggregate of Shares under the new LTIP scheme and the previous PSP as set out below:
PDMR Position Number of Options Nat Rothschild Executive Chairman 1,630,000 Chief Financial Daren Morris Officer 2,720,000 Chief Operating John Molloy Officer 1,915,256
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation No 596/2014.
Enquiries
For further information please contact:
Volex plc +44 7909 995 887
Nat Rothschild, Executive Chairman
Daren Morris, Chief Financial Officer and Company Secretary
N+1 Singer - Nominated Adviser & Joint Broker +44 20 7496 3000
Shaun Dobson
Whitman Howard - Joint Broker +44 20 7659 1234
Hugh Rich
Nick Lovering
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 Nat Rothschild -------------------------------------- ----------------------------------- 2 Reason for the notification --------------------------------------------------------------------------- a) Position/status Executive Chairman -------------------------------------- ----------------------------------- 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 transactions Grant of LTIP Options c) Price(s) and volume(s) Nil - 340,000 d) Aggregated information - Aggregated volume See 4 c) above - Price See 4 c) above e) Date of the transactions 10 September 2019 f) Place of the transactions Outside a trading venue -------------------------------------- -----------------------------------
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 transactions Grant of LTIP Options c) Price(s) and volume(s) Nil - 680,000 d) Aggregated information - Aggregated volume See 4 c) above - Price See 4 c) above e) Date of the transactions 10 September 2019 f) Place of the transactions Outside a trading venue --------------------------- ----------------------------------------------
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 John Molloy -------------------------------------- ----------------------------------- 2 Reason for the notification --------------------------------------------------------------------------- a) Position/status Chief Operating Officer -------------------------------------- ----------------------------------- 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 transactions Grant of LTIP Options c) Price(s) and volume(s) Nil - 680,000 d) Aggregated information - Aggregated volume See 4 c) above - Price See 4 c) above e) Date of the transactions 10 September 2019 f) Place of the transactions Outside a trading venue -------------------------------------- -----------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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September 12, 2019 09:47 ET (13:47 GMT)
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