discoverIE Group plc Director/PDMR Shareholding (6052M)

TIDMDSCV

RNS Number : 6052M

discoverIE Group plc

15 September 2023

discoverIE Group plc

Director/PDMR Shareholding

discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Group"), a leading international designer and manufacturer of customised electronics to industry, announces that, on 14 September 2023, Celia Baxter, Non-Executive Director, acquired a total of 2,791 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an average price of GBP7.16.

Following this purchase, Celia Baxter is interested in 2,791 Ordinary Shares, representing approximately 0.003% 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                                    Celia Baxter 
     --------------------------------------  ------------------------------- 
 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 
                                                 7.16 pence 
                                                  per share    2,791 
                                                              ------- 
     --------------------------------------  ------------------------------- 
 d)   Aggregated information 
                                                As above 
     --------------------------------------  ------------------------------- 
 e)   Date of the transaction                 14 September 2023 
     --------------------------------------  ------------------------------- 
 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 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 customer relationships.

With a focus on sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation, 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 with an SBTi aligned plan 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.4,700 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 FTSE250, classified within the Electrical Components and Equipment subsector.

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(END) Dow Jones Newswires

September 15, 2023 04:11 ET (08:11 GMT)

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