TIDMVLX

RNS Number : 7931X

Volex PLC

22 December 2023

Volex plc

("Volex" or the "Company")

Director / PDMR Shareholding

Volex plc (AIM: VLX) announces that on Wednesday 20 December 2023, Nat Rothschild, Executive Chairman, exercised a nil-cost award over ordinary shares of 25 pence each in the company ("Ordinary Shares") granted to him under the Volex plc Long Term Incentive Plan (the 'LTIP Award').

The LTIP Award was granted on 18 December 2020 subject to performance conditions being met relating to profit and relative total shareholder return ("TSR"). The Company's remuneration committee assessed the performance conditions and determined that 401,760 awards should be granted pursuant to the LTIP Award, and consequently, Nat Rothschild has exercised 401,760 LTIP Awards over Ordinary Shares.

The LTIP Award will be satisfied using existing shares purchased in the market by the trustee of the Company's employee benefit trust. In accordance with the rules of the LTIP, the Ordinary Shares acquired on exercise will be subject a two-year holding period expiring 18 December 2025.

Following the exercise of the LTIP Award, Nat Rothschild(1) is interested in 45,671,057 shares Ordinary Shares (save for unvested or unexercised awards), representing approximately 25.18 per cent. of the Company's issued share capital.

(1) Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary.

For further information please contact:

 
 Volex plc                              +44 (0)7971 156 
  Nat Rothschild, Executive Chairman     431 
  Jon Boaden, Chief Financial Officer    investor.relations@volex.com 
 
 
 Peel Hunt LLP - Nominated Adviser & 
  Joint Broker 
  Ed Allsopp 
  Tom Ballard                           +44 (0)20 7418 
  Ben Harrington                         8900 
 
 
 HSBC Bank plc - Joint Broker 
  Simon Alexander                +44 (0)20 7991 
  Joe Weaving                     8888 
 
 
 Powerscourt - Media Enquiries    +44 (0)20 7250 
  James White                      1446

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                      Nat Rothschild 
     ======================================== 
 2    Reason for the notification 
 a)   Position/status                           PDMR, 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                            Ordinary Shares of 25 pence each 
       the financial 
       instrument, type 
       of instrument 
       Identification 
       code 
     ======================================== 
 b)   Nature of the                             Exercise of award granted under the Volex 
       transaction                               plc Long Term Incentive Plan to acquire 
                                                 ordinary shares 
 c)   Price(s) and volume(s)                          Price(s)              Volume(s) 
                                                        GBPnil                401,760 
     ========================================  ===================== 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                                    401,760 
                                                  GBPnil 
 e)   Date of the transaction                   20 December 2023 
     ======================================== 
 f)   Place of the transaction                  Outside a trading venue 
===  ========================================  ============================================

About Volex

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data centre power and connectivity, electric vehicles, and consumer electricals. We are headquartered in the UK and operate from 27 manufacturing locations with a global workforce of over 11,500 people across 24 countries. Our products are sold through our own locally based sales teams and through authorised distributor partners to Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing Services ('EMS') companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment. For more information, please visit www.volex.com

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December 22, 2023 06:00 ET (11:00 GMT)

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