TIDMDSCV

RNS Number : 3510G

discoverIE Group plc

14 November 2022

14 November 2022

discoverIE Group plc ("discoverIE", the "Company")

Issue of Equity & Total Voting Rights

discoverIE Group plc (LSE: DSCV, "discoverIE" or the "Group"), a leading international designer and manufacturer of customised electronics to industry, announces that an application has been made for admission of 900,000 shares (the "New Ordinary Shares") to the premium listing segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market of the London Stock Exchange (together "Admission"). It is expected that Admission will take place at 8.00 a.m. on 18 November 2022. The New Ordinary Shares will be issued to the Company's Employee Benefit Trust to satisfy, inter alia, exercises of awards under option.

Total voting rights

Following Admission becoming effective, the Company's issued share capital will consist of 96,356,109 ordinary shares with voting rights. Therefore, the total number of voting rights in the Company will be 96,356,109. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the disclosure guidance issued by the FCA and the transparency rules made by the FCA under section 89A(1) of the Financial Services and Markets Act 2000, as amended ("FSMA") (together, the "Disclosure Guidance and Transparency Rules").

Contacts

For further information please contact:

 
 discoverIE                                 01483 544 500 
 Nick Jefferies, Group Chief Executive 
 Simon Gibbins, Group Finance Director 
  Lili Huang, Head of Investor Relations 
 
 Buchanan                                   020 7466 5000 
 Chris Lane, Toto Berger, Jack Devoy

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc is an international group of businesses that designs and manufactures 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 has an ongoing commitment to reducing the impact of its operations on the environment and with its key markets aligned with a sustainable future, MSCI has awarded the Group an ESG "A" rating.

The Group employs c.5,000 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

November 14, 2022 10:41 ET (15:41 GMT)

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