TIDMDSCV

RNS Number : 7026K

discoverIE Group plc

09 May 2022

9 May 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 6 May 2022, Clive Watson acquired 2,875 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an average price of GBP6.90.

Following this purchase, Clive Watson is interested in 19,125 Ordinary Shares, representing approximately 0.02% 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                               Clive Watson 
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 
 
     Identification code                GB0000055888 
b)  Nature of the transaction          Share acquisition 
c)  Price(s) and volume(s)              Price           Volume 
                                         690 pence per 
                                          share          2,875 
d)  Aggregated information              Price       Volume  Total 
                                         690 pence   2,875   GBP19,837.50 
                                          per share 
e)  Date of the transaction            6 May 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 through its two divisions, Magnetics & Controls, and Sensing & Connectivity. 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 and with its key markets aligned with a sustainable future, MSCI has awarded the Group an ESG "A" rating.

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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END

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(END) Dow Jones Newswires

May 09, 2022 13:10 ET (17:10 GMT)

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