5 December 2018
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 4 December 2018, Malcolm Diamond acquired 5,362 ordinary shares of 5p each in the Company at a price of £3.73.
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 | Malcolm Diamond | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position / status | Non-Executive Chairman | ||||||
| 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 instrument, type of instrument
Identification code | Ordinary shares of 5p each in discoverIE Group plc
GB0000055888 | ||||||
| b) | Nature of the transaction | Share acquisition | ||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information |
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| e) | Date of the transaction | 4 December 2018 | ||||||
| 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, manufactures and supplies innovative components for electronic applications.
The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of repeating revenue and long term customer relationships.
By focusing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical 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 employs c.4,000 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 FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of £0.4bn. Over the last five years, revenue and underlying earnings per share has more than doubled.