discoverIE Group plc Director/PDMR Shareholding (8501C)
25 February 2022 - 8:50PM
UK Regulatory
TIDMDSCV
RNS Number : 8501C
discoverIE Group plc
25 February 2022
25 February 2022
discoverIE Group plc
Director/PDMR Shareholding
discoverIE Group plc (LSE:DSCV, the "Company"), a leading
international designer, manufacturer and supplier of customised
electronics to industry, announces that, on 23 February 2022, Bruce
Thompson acquired 11,000 ordinary shares of 5 pence each in the
Company ("Ordinary Shares") at an average price of GBP7.94 and on
24 February 2022, Rosalind Kainyah acquired 656 Ordinary Shares at
an average price of GBP7.55.
Following these purchases, Bruce Thompson is interested in
40,000 Ordinary Shares, representing approximately 0.04% of the
Company's voting share capital and Rosalind Kainyah is interested
in 656 Ordinary Shares, representing approximately 0.001% of the
Company's voting share capital.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Bruce Thompson
--------------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position / status Non-Executive 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
instrument, type of instrument GB0000055888
Identification code
--------------------------------- --------------------------------------
b) Nature of the transaction Share acquisition
--------------------------------- --------------------------------------
c) Price(s) and volume(s) Price Volume
794 pence per
share 11,000
-------
--------------------------------- --------------------------------------
d) Aggregated information Price Volume Total
794 pence 11,000 GBP87,340.00
per share
------- -------------
--------------------------------- --------------------------------------
e) Date of the transaction 23 February 2022
--------------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange, Main
Market (XLON)
--------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Rosalind Kainyah
--------------------------------- -------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position / status Non-Executive 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
instrument, type of instrument GB0000055888
Identification code
--------------------------------- -------------------------------------
b) Nature of the transaction Share acquisition
--------------------------------- -------------------------------------
c) Price(s) and volume(s) Price Volume
755 pence per
share 656
-------
--------------------------------- -------------------------------------
d) Aggregated information Price Volume Total
755 pence 656 GBP4,952.80
per share
------- ------------
--------------------------------- -------------------------------------
e) Date of the transaction 24 February 2022
--------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, Main
Market (XLON)
--------------------------------- -------------------------------------
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that designs and manufactures innovative electronic components for
industrial applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. 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 key markets driven by structural growth and
increasing electronic content, namely renewable energy, medical,
transportation and industrial & connectivity, the Group aims to
achieve organic growth that is well ahead of GDP and to supplement
that with targeted complementary acquisitions. The Group has an
ongoing commitment to reducing the impact of its operations on the
environment, while its key markets are aligned with a sustainable
future.
The Group's continuing operations employs c.4,500 people and its
principal operating units are located in Continental Europe, the
UK, China, Sri Lanka, India and North America.
The Group 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.
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