19 July 2023
Volex plc
("Volex" or the "Company")
Director / PDMR Dealing
Volex plc (AIM: VLX) announces that Nat Rothschild, Executive Chairman, has been awarded 118,069 ordinary shares of 25 pence each in the capital of the Company ("Ordinary Shares") in satisfaction of his annual bonus payment for FY2023, as detailed on page 108 of the Company's Annual Report & Accounts for the year ended 2023 (the "Bonus Award").
The Bonus Award was satisfied using existing Ordinary Shares, previously held by the Company's employee benefit trust. The Bonus Award shares are being issued at a price of 289.5 pence per share, being the closing mid-market share price on 13 July 2023.
Following the above transaction, Nat Rothschild* is interested in 44,859,906 Ordinary Shares (save for unvested or unexercised awards), representing approximately 24.79 per cent. of the Company's issued share capital.
*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 156 431 |
| 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 Joe Weaving | +44 (0)20 7991 8888 |
The below notification, made 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 | 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 in satisfaction of FY2023 bonus award | |
| c) | Price(s) and volume(s) | Price(s) 289.50 | Volume(s) 118,069 |
| d) | Aggregated information - Aggregated volume - Price |
118,069 £341,810 | |
| e) | Date of the transaction | 18 July 2023 | |
| f) | Place of the transaction | Outside a trading venue | |
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