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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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 0.64% | 315.50 | 315.00 | 317.50 | 330.00 | 313.00 | 313.00 | 185,210 | 11:09:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 722.8M | 36.8M | 0.2031 | 15.58 | 573.36M |
TIDMVLX
RNS Number : 4349J
Volex PLC
21 December 2020
21 December 2020
Volex plc
("Volex" or the "Company")
Grant of LTIP Share Options to PDMRs
Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, today announces that certain PDMRs were granted nil-cost options over ordinary shares of 25 pence each in the Company (the "Shares") on 18 December 2020 by the Company's Remuneration Committee under the Company's Long Term Incentive Plan ("LTIP").
FY2021 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 240,000 Chief Financial Jon Boaden Officer 115,000 Chief Operating John Molloy Officer 130,000
The LTIP scheme, which replaced 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 relative total shareholder return ("TSR") targets and to the recipient's continued employment with the Company. The awards are also subject to a maximum 2x multiplier in the event of exceptional performance relating to absolute TSR. The awards also include 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 previous PSP (FY2018 and FY2019) and the new LTIP (FY2020 and FY2021) as set out below:
PDMR Position Number of Options Nat Rothschild Executive Chairman 1 ,270,000 Chief Financial Jon Boaden Officer 3 40,000 Chief Operating John Molloy Officer 1,550,000
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation No 596/2014.
For further information please contact:
+44 (0)7747 488 Volex plc 785 Nat Rothschild, Executive Chairman Jon Boaden, Chief Financial Officer N+1 Singer - Nominated Adviser & Joint Broker +44 (0)20 7496 3000 Shaun Dobson Iqra Amin Panmure Gordon - Joint Broker +44 (0)20 7886 2500 Hugh Rich + 44 (0)20 7250 Powerscourt - Media Enquiries 1446 James White Jack Holden
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 - 240,000 d) Aggregated information - Aggregated volume See 4 c) above - Price See 4 c) above e) Date of the transactions 18 December 2020 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 Jon Boaden -------------------------------------- ----------------------------------- 2 Reason for the notification --------------------------------------------------------------------------- a) Position/status Chief Financial 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 - 115,000 d) Aggregated information - Aggregated volume See 4 c) above - Price See 4 c) above e) Date of the transactions 18 December 2020 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 - 130,000 d) Aggregated information - Aggregated volume See 4 c) above - Price See 4 c) above e) Date of the transactions 18 December 2020 f) Place of the transactions Outside a trading venue -------------------------------------- -----------------------------------
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December 21, 2020 12:35 ET (17:35 GMT)
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