Director / PDMR Shareholding | Company Announcement
On September 12, 2024, Clive Watson, a Non-Executive Director of discoverIE Group plc (LSE: DSCV), acquired 4,126 ordinary shares of the company at an average price of £5.85 per share. This purchase represents approximately 0.03% of the company s voting share capital. The transaction took place on the London Stock Exchange s Main Market (XLON). DiscoverIE Group plc is an international designer and manufacturer of customized electronics for industrial applications. The company operates through two divisions, Magnetics & Controls, and Sensing & Connectivity, and supplies application-specific components to original equipment manufacturers (OEMs) globally. The company focuses on sustainable key markets, such as renewable energy, medical, electrification of transportation, and industrial automation & connectivity. It aims to achieve organic growth that surpasses GDP and complementary acquisitions. DiscoverIE is committed to reducing its environmental impact, with an SBTi-aligned plan to reach net zero. The company has received an ESG AA rating by MSCI and is Regional (Europe) Top Rated by Sustainalytics. DiscoverIE employs around 4,500 people across 20 countries, with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India, and North America. The company 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. This information is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014. Notes to Editors: - discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial applications. - The company provides application-specific components to OEMs internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. - DiscoverIE focuses on sustainable key markets and aims to achieve organic
Source: investegate.co.ukPublished on 2024-09-12
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