discoverIE Group plc Director / PDMR Shareholding (0660E)
27 June 2023 - 7:53PM
UK Regulatory
TIDMDSCV
RNS Number : 0660E
discoverIE Group plc
27 June 2023
27 June 2023
discoverIE Group plc
Director / PDMR Shareholding
Deferred Bonus Awards
discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Company"),
a leading international designer and manufacturer of customised
electronics for industrial applications, announces that it was
notified today of the following transactions in ordinary shares of
5 pence each in the Company ("Ordinary Shares").
In accordance with the Directors' Remuneration Policy, Nick
Jefferies, Group Chief Executive and Simon Gibbins, Group Finance
Director, are subject to a deferral of 20% of any annual bonus
payment into Ordinary Shares, which will be held in trust for a
period of three years (the "Deferred Bonus Award"). Mr Jefferies
and Mr Gibbins retain eligibility for dividends during the holding
period.
7,179 and 3,915 Ordinary Shares were acquired on 26 June 2023
pursuant to the Deferred Bonus Award arrangement, relating to the
annual bonuses for Mr Jefferies and Mr Gibbins, respectively, for
the year ended 31 March 2023, each at a price of GBP8.45 per
share.
Following these transactions, Mr Jefferies and Mr Gibbins are
interested in a total of 1,264,370 and 402,153 Ordinary Shares,
respectively, representing 1.32% and 0.42%, respectively, of the
Company's issued share capital.
For further information, please contact:
Buchanan
Chris Lane, Toto Berger, Jack
Devoy
discoverIE@buchanan.uk.com 020 7466 5000
Notes to Editors :
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that design and manufacture 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 is committed to reducing the
impact of its operations on the environment with an SBTi aligned
plan to reach net zero. With its key markets aligned with a
sustainable future, the Group has been awarded an ESG "A" rating by
MSCI and is Regional (Europe) Top Rated by Sustainalytics.
The Group employs c.4,700 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.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Nick Jefferies
------------------------------------ ---------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position / status 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 in discoverIE
instrument, type of instrument Group plc
Identification code
GB0000055888
------------------------------------ ---------------------------------
b) Nature of the transaction Acquisition of shares pursuant
to deferred bonus arrangement
------------------------------------ ---------------------------------
c) Price(s) and volume(s) Price Volume
845 pence per
share 7,179
-------
------------------------------------ ---------------------------------
d) Aggregated information As above
------------------------------------ ---------------------------------
e) Date of the transaction 26 June 2023
------------------------------------ ---------------------------------
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 in discoverIE
instrument, type of instrument Group plc
Identification code
GB0000055888
------------------------------------ ---------------------------------
b) Nature of the transaction Acquisition of shares pursuant
to deferred bonus arrangement
------------------------------------ ---------------------------------
c) Price(s) and volume(s) Price Volume
845 pence per
share 3,915
-------
------------------------------------ ---------------------------------
d) Aggregated information As above
------------------------------------ ---------------------------------
e) Date of the transaction 26 June 2023
------------------------------------ ---------------------------------
f) Place of the transaction London Stock Exchange, Main
Market (XLON)
------------------------------------ ---------------------------------
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END
DSHEANKXASADEEA
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