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An update from Volex plc ( (GB:VLX) ) is now available.
Volex plc announced that Lord Rothschild, the Executive Chairman, exercised a nil-cost award over 115,425 ordinary shares granted under the company’s Long Term Incentive Plan. This action follows the remuneration committee’s assessment that performance conditions related to profit and shareholder return were met. The shares will be held for two years until December 2026, and the exercise increases Lord Rothschild’s interest to approximately 25.74% of Volex’s issued share capital. This move reflects the company’s strong performance and potential positive impact on shareholder value, positioning it favorably within its industry.
More about Volex plc
Volex plc is a global leader in integrated manufacturing for mission-critical applications, specializing in power and data connectivity solutions. The company supports international blue-chip customers in sectors such as Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology, and Off-Highway. Headquartered in the UK, it operates 28 advanced manufacturing facilities with a diverse workforce of 14,000 individuals from 25 nations, catering to Original Equipment Manufacturers and Electronic Manufacturing Services companies worldwide.
YTD Price Performance: -6.77%
Average Trading Volume: 559,219
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £530.1M
See more insights into VLX stock on TipRanks’ Stock Analysis page.
