AIM Rule 26

AIM RULE 26

This page provides the information required by Rule 26 of the AIM Rules for Companies.

This website is owned by Volex plc and was last updated on 21st June 2018.

Volex plc is a company incorporated in England and Wales.  The company registration number is 158956.

Volex Plc is subject to the UK City Code on Takeovers and Mergers.

Company Information

Volex supplies power cords and cable assembly solutions for the consumer electronics, telecommunications, data center, medical equipment and automotive industries. Headquartered in the UK with presence in 19 countries globally covering the Americas, Europe and Asia, Volex operates across two divisions; Power Cords and Cable Assemblies.

Power Cords Division
Volex designs and manufactures power cords, duck heads and related products that are sold to manufacturers of a broad range of electrical and electronic devices and appliances.

Volex products are used in laptops, PCs, tablets, printers, TVs, games consoles, power tools, kitchen appliances and vacuum cleaners. Volex is one of the world’s top two global power cable suppliers with an estimated 7% market share of a fragmented market estimated to be worth $2.4 billion globally in 2016.

Cable Assemblies Division
Volex designs and manufactures a broad range of cables and connectors (ranging from high-speed copper and fibre-optic cables to complex customised optical cable assemblies) that transfer electronic, radio-frequency and optical data. Volex products are used in a variety of applications including data networking equipment, data centres, wireless base stations and cell site installations, mobile computing devices, medical equipment, factory automation, vehicle telematics, agricultural equipment and alternative energy generation.

Board of Directors

Board member biographies can be found here:
Leadership and Governance

Corporate Governance

Volex's Board is committed to maintaining high standards of corporate governance.  The Directors intend, so far as is practicable given the Company’s size and constitution of the Board, to comply with the provisions of the Quoted Companies Alliance Corporate Governance Code for Small and Mid-Sized companies (the QCA code) and where possible the UK Corporate Governance Code, except for the combined roles of Chairman and Chief Executive Officer.

Volex has two non-executive Directors and the Board retains full and effective control over the Company. The Company holds regular Board meetings at which financial and other reports are considered and, where appropriate, voted on. Apart from regular meetings, additional meetings are arranged when necessary to review strategy, planning, operational and financial performance, risk, capital expenditure and human resource and environmental management. The Board is also responsible for monitoring the activities of the executive management.

The Directors have established an audit committee, a nominations committee and a remuneration committee, with formally delegated duties and responsibilities to operate with effect from Admission.

To find out more about each committee, please click the links below.

Audit Committee
Nominations Committee
Remuneration Committee

Advisers

Nominated advisor and broker:                   Liberum Capital Ltd
                                                                         Ropemaker Place, 25 Ropemaker Street, London.
                                                                         EC2Y 9LY

Auditors:                                                         PricewaterhouseCoopers LLP 
                                                                         1 Embankment Place, London.  WC2N 6RH

Solicitors:                                                       Travers Smith LLP
                                                                         10 Snow Hill, London. EC1A 2AL

Registrars:                                                      Link Asset Services
                                                                         The Registry, 34 Beckenham Road, Beckenham.
                                                                         Kent. BR3 4TU

 

Securities information and share price

Number of shares in issue with voting rights: ​144,773,328.

Number of shares held as treasury shares: 1,295,360

Percentage of shares not in public hands: ​44.1%

There are no restrictions on any of the Company's AIM securities.

The company is not listed on any other exchanges or trading platforms.

Share price:    http://www.volex.com/stock-price

 

Significant Shareholders

The following shareholdings represent 3% or more of the voting rights in the Company’s issued share capital:

Investor name                                          Percentage holding (%)

NR Holdings Limited (1)                           23.9%

Ruffer                                                         19.0%

Quaero Capital                                          6.7%

Downing                                                     5.1%

Herald Investment Management           3.9%

JO Hambro Capital Management          3.4%

(1) Nat Rothschild is a beneficiary of NR Holdings Limited.

 

Documentation and announcements

Articles of Association 22 July 2013

Circular - Admission to trading on AIM

Schedule 1 information in accordance with AIM Rules

Appendix to Schedule 1

Annual Reports & Presentation

Regulatory news