TIDMDSCV

RNS Number : 2246D

discoverIE Group plc

25 June 2021

25 June 2021

discoverIE Group plc

Director / PDMR Shareholding

Deferred Bonus Award

discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Company"), a leading international designer, manufacturer and supplier of customised electronics was notified today of the following transaction in ordinary shares of 5 pence each in the Company ("Ordinary Shares").

In accordance with the Directors' Remuneration Policy, Nick Jefferies, Group Chief Executive, is subject to a deferral of 20% of any annual bonus payment (net of tax) into Ordinary Shares, which will be held in trust for a period of three years (the "Deferred Bonus Award"). Mr Jefferies retains eligibility for dividends during the holding period.

3,703 Ordinary Shares were acquired today under the Deferred Bonus Award arrangement, relating to Mr Jefferies annual bonus for the year ended 31 March 2021. Following this transaction, Mr Jefferies is interested in a total of 985,103 Ordinary Shares representing (1.1%) of the Company's issued share capital.

For further information, please contact:

 
Buchanan 
 Chris Lane, Toto Berger 
 discoverIE@buchanan.uk.com    020 7466 5000 
 

The information below, set out 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                                  Nick Jefferies 
     ------------------------------------  --------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position / status                     Group Chief Executive 
     ------------------------------------  --------------------------------- 
 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 in discoverIE 
       instrument, type of instrument        Group plc 
       Identification code                   GB0000055888 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction             Acquisition of shares pursuant 
                                             to deferred bonus arrangement 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                  Price            Volume 
                                               944 pence per 
                                                share           3,703 
                                                               ------- 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information                N/A 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction               25 June 2021 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction              London Stock Exchange, Main 
                                             Market (XLON) 
     ------------------------------------  --------------------------------- 
 

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END

DSHEAKKSAAAFEFA

(END) Dow Jones Newswires

June 25, 2021 12:24 ET (16:24 GMT)

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