9 October 2023
Volex plc
("Volex", or the "Group")
Notice of Cyber Incident
Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, announces that it has been the subject of a cyber incident which has resulted in unauthorised access to certain IT systems and data, at some of the Group's international sites.
On becoming aware of the incident, the Group enacted its established IT security protocols and took immediate steps to stop the unauthorised access to its systems and data. Specialist, third party consultants have been engaged to investigate the nature and extent of the incident, and to implement the incident response plan.
The actions taken to date have ensured that all sites remain operational, with minimal disruption to global production levels, and the Group continues to trade with its customers and suppliers.
At this stage, any financial impact resulting from the incident is not expected to be material.
The Group will provide a further update as and when appropriate.
For further information please contact:
| Volex plc Nat Rothschild, Executive Chairman Jon Boaden, Chief Financial Officer | +44 (0)7971 156 431 |
| 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 |
| Powerscourt - Media Enquiries James White Peter Barratt | +44 (0)20 7250 1446 |
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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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