Volex's Executive Chairman Lord Rothschild Purchases Substantial New Shares in the Company

At a time when the confidence in one’s business acumen reflects upon one’s financial decisions, the Executive Chairman of Volex PLC, Lord Rothschild, has instilled confidence in the markets by making a notable purchase. Acquiring a sum total of 102,797 ordinary shares at an average price of 220 pence per share, Lord Rothschild has displayed a bullish sentiment towards the company he leads.

These shares were purchased indirectly through NR Holdings Limited and due to this acquisition, Lord Rothschild’s interest has now increased to around 46,896,681 Ordinary Shares. This represents approximately 25.4 percent of the company’s issued share capital and is a significant increase to his previous interest, thereby establishing an unequivocally powerful position at Volex among shareholders.

These recent transactions are promising signs of strong leadership making bold moves in the company. That the executive chairman himself should invest so heavily into his own company certainly speaks volumes about Volex’s potential for future success. It will be fascinating to keep an eye on the company’s progress, as it basks in the confidence of its chairman.