30 June 2023
Volex plc
(the "Volex" or "Company")
Director / PDMR Dealing
Volex plc (AIM:VLX) announces that it has been notified that on 28 June 2023, certain directors and persons discharging managerial responsibilities ("PDMRs") were issued, in aggregate, 68,678 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") upon vesting of deferred bonus awards granted on 28 June 2022 under the Volex plc Deferred Bonus Plan (the "DBP Awards").
Details of the vested DBP Awards are summarised below:
| PDMR | Number of DBP Awards issued |
| Nat Rothschild (Executive Chairman) | 29,389 |
| John Molloy (Chief Operating Officer) | 20,578 |
| Jon Boaden (Chief Financial Officer) | 18,711 |
The DBP Awards were satisfied using existing Ordinary Shares, held by the Company's employee benefit trust.
The Company also announces that it has been notified that on 29 June 2023, Jon Boaden sold 8,794 Ordinary Shares in order to satisfy personal taxation liabilities in relation to the vesting of the DBP Awards, and John Molloy sold 20,578 Ordinary Shares.
Following the above transactions, the PDMRs hold, or are interested in, the following Ordinary Shares (save for unvested or unexercised LTIP or DBP Awards):
| PDMR | Resulting number of Ordinary Shares | Resulting percentage of issued share capital |
| Nat Rothschild* | 44,741,837 | 24.73% |
| John Molloy** | 2,310,206 | 1.27% |
| Jon Boaden | 34,061 | 0.02% |
*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary **Including those shares held by Sharon Molloy, a PCA with John Molloy
The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
Nat Rothschild:
| 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 /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument Identification code | Ordinary Shares
| |
| b) | Nature of the transaction | Issue of Ordinary Shares on the vesting of DBP Awards | |
| c) | Price(s) and volume(s) | Price(s) £nil | Volume(s) 29,389 |
| d) | Aggregated information - Aggregated volume - Price |
29,389 £nil | |
| e) | Date of the transaction | 28 June 2023 | |
| f) | Place of the transaction | Outside a trading venue | |
John Molloy:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | John Molloy | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, Chief Operating Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument Identification code | Ordinary Shares
| |
| b) | Nature of the transaction | Issue of Ordinary Shares on the vesting of DBP Awards | |
| c) | Price(s) and volume(s) | Price(s) £nil | Volume(s) 20,578 |
| d) | Aggregated information - Aggregated volume - Price |
20,578 £nil | |
| e) | Date of the transaction | 28 June 2023 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | John Molloy | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, Chief Operating Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument Identification code | Ordinary Shares
| |
| b) | Nature of the transaction | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) 283p | Volume(s) 20,578 |
| d) | Aggregated information - Aggregated volume - Price |
20,578 £58,235.74 | |
| e) | Date of the transaction | 29 June 2023 | |
| f) | Place of the transaction | AIM market of London Stock Exchange plc | |
Jon Boaden:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jon Boaden | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument Identification code | Ordinary Shares
| |
| b) | Nature of the transaction | Issue of shares on the vesting of DBP Awards | |
| c) | Price(s) and volume(s) | Price(s) £nil | Volume(s) 18,711 |
| d) | Aggregated information - Aggregated volume - Price |
18,711 £nil | |
| e) | Date of the transaction | 28 June 2023 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jon Boaden | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR, Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument Identification code | Ordinary Shares
| |
| b) | Nature of the transaction | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) 283p | Volume(s) 8,794 |
| d) | Aggregated information - Aggregated volume - Price |
8,794 £24,887.02 | |
| e) | Date of the transaction | 29 June 2023 | |
| f) | Place of the transaction | AIM market of London Stock Exchange plc | |
For further information please contact:
|
Volex plc | +44 (0)7971 156 431 |
| Nat Rothschild, Executive Chairman | |
| Jon Boaden, Chief Financial Officer | |
| Chris Bedford, Group General Counsel and Company Secretary | |
| | |
| Peel Hunt LLP - Nominated Adviser & Joint Broker Ed Allsopp Tom Ballard Ben Harrington | +44 (0)20 7418 8900
|
| | |
| HSBC Bank plc - Joint Broker Simon Alexander | +44 (0)20 7991 8888 |
| Joe Weaving | |
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