Volex plc, the global supplier of complex assemblies for performance-critical applications and power products, was notified on 5 December 2019 that Nat Rothschild, Executive Chairman, exercised 600,000 share options, which were granted in December 2016 under the rules of the 2009 Volex plc Performance Share Plan and which vested on 1 December this year, through the Volex Group plc Employees' Share Trust (the "Trust").
Following the Company's receipt of the exercise price of 25 pence per share and tax due on the transaction on 4 December 2019, the Trust transferred 600,000 Ordinary Shares of 25 pence to Mr Rothschild on 5 December 2019. Following this transaction, including those shares held through NR Holdings Ltd, of which he is a beneficiary, Mr Rothschild will hold 36,876,078 Ordinary Shares in the Company, representing 24.61% of its ordinary issued share capital.
This announcement is made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
For further information please contact:
Volex plc +44 7909 995 887
Nat Rothschild, Executive Chairman
Daren Morris, Chief Financial Officer and Company Secretary
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED
Details of the Director / person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification / Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument
Ordinary Shares of 25 pence each
Nature of the transaction
Exercise of options
Price(s) and volume(s)
Exercise of 600,000 options to acquire shares at 25 pence per share
- Aggregated volume
See 4 c) above
Date of the transaction
5 December 2019
Place of the transaction
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