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On 24 January 2025, discoverIE Group plc Non-Executive Director Clive Watson acquired 21 Ordinary Shares at 670 pence per share via a dividend reinvestment plan. On 27 January 2025, Group Finance Director Simon Gibbins acquired 2,260 Ordinary Shares at 648.7 pence per share, also through a dividend reinvestment plan. Following these acquisitions, Mr. Watson holds 31,296 Ordinary Shares (0.03%) and Mr. Gibbins holds 421,477 Ordinary Shares (0.44%) of the Company's issued share capital.
| Date | 29 Jan 2025 |
| Time | 09:40:32 |
| Category | Director/PDMR dealings |
| ID | 1257V |
29 January 2025
discoverIE Group plc
Director / PDMR Shareholding
discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Company"), a leading international designer and manufacturer of customised electronics to industry, announces that, on Friday 24 January 2025, Clive Watson, a Non-Executive Director of the Company, acquired 21 Ordinary Shares pursuant to a dividend reinvestment plan ("DRIP") and that, on Monday 27 January 2025, Simon Gibbins, Group Finance Director, acquired 2,260 Ordinary Shares pursuant to a DRIP.
Following the acquisitions, Mr Watson has an interest in 31,296 Ordinary Shares, representing approximately 0.03% of the Company's issued share capital and Mr Gibbins has an interest in 421,477 Ordinary Shares (approximately 0.44%).
The following disclosures are made in accordance with the UK Market Abuse Regulation.
For further information, please contact:
discoverIE Group plc
Greg Davidson - Company Secretary 01483 544 500
Buchanan
Chris Lane, Toto Berger, Jack Devoy 020 7466 5000
discoverIE@buchanan.uk.com
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc is an international group of businesses that design and manufacture 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, high quality customer relationships.
With a focus on key markets driven by structural growth, increasing electronic content and sustainability, namely medical, electrification of transportation, renewable energy, security and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with complementary acquisitions. The Group is committed to reducing the impact of its operations on the environment in order to reach net zero. With its key markets aligned with a sustainable future, the Group has been awarded an ESG "AA" rating by MSCI and is Regional (Europe) Top Rated by Sustainalytics.
The Group employs c.4,500 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America.
discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE 250, classified within the Electrical Components and Equipment subsector.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Clive Watson |
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2 |
Reason for the notification |
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a) |
Position / status |
Non-Executive Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of issuer |
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a) |
Name |
discoverIE Group plc |
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b) |
LEI |
213800BMDLQU1VEEAN68 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares
GB0000055888 |
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b) |
Nature of the transaction |
Acquisition |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
N/A |
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e) |
Date of the transaction |
24/1/2025 |
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f) |
Place of the transaction |
LSE |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Simon Gibbins |
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2 |
Reason for the notification |
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a) |
Position / status |
Group Finance Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of issuer |
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a) |
Name |
discoverIE Group plc |
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b) |
LEI |
213800BMDLQU1VEEAN68 |
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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
GB0000055888 |
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b) |
Nature of the transaction |
Acquisition |
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c) |
Price(s) and volume(s) |
|
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d) |
Aggregated information |
N/A |
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e) |
Date of the transaction |
27/1/2025 |
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f) |
Place of the transaction |
LSE |
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