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EPIC: DSCV
Market: LSE:DSCV
52-week High/Low: 456.00p / 285.25p
Sector: Business Support Services
Market Cap: 3.02M
discoverIE Group plc (LON:DSCV)

discoverIE Group plc

discoverIE (LSE: DSCV) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

We provide application-specific components to original equipment manufacturers (“OEMs”) internationally. With in-house engineering capability, we design components to meet customer requirements, which are then manufactured and...

discoverIE Group plc

www.discoverieplc.com

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Big picture - Why invest in discoverIE Group plc


discoverIE Group plc Snapshot

discoverIE has two divisions: Design & Manufacturing and Custom Supply.

Design & Manufacturing

The Design & Manufacturing division supplies custom electronic products which are either designed uniquely for a business customer or are specifically modified to business customer specifications from an existing product.

Design & Manufacturing has over 5,000 customers. It distributes some of its products via discoverIE's Custom Supply division and this cross-selling is set to grow. It operates through the following wholly-owned companies: Noratel, Plitron, Myrra, RSG and Flux (Power & Magnetics), Stortech, MTC and Contour (Electromechanical & Shielding), Hectronic (Microsystems & Displays), Foss and Variohm (Communications & Sensors).

The division has operating and manufacturing facilities in a number of jurisdictions, including Canada, China, Denmark, Finland, Germany, India, Norway, Poland, Slovakia, South Korea, Sri Lanka, Sweden, Thailand, the UK and the USA. It also has operational facilities in France and Hong Kong.

Custom Supply

The Custom Supply division provides technically demanding, customised electronic, photonic and medical products to over 20,000 industrial manufacturers. The products come from a range of complementary high-quality international suppliers, with whom discoverIE often works on an exclusive basis, and, increasingly, from discoverIE's own Design & Manufacturing division.

A high degree of engineering knowledge is required from the division's employees, with more than half being technically qualified.

our products

 Communication  Electromechanical  Imaging
- RF & MW components
- Fibreoptic components
- Wireless modules
- Cabling & assemblies
- Advanced connectors
- EMC Shielding
- Thermal management
- IR thermal imagers
- High speed cameras
- Modules
- Software

 Magnetics & Power  Microsystems  Photonics
- Custom power solutions
- EMI shielding
- Magnetic components
- Thermal interface
- Single board computers
- Server blades
- I/O boards
- Lasers & diodes
- Optics & optical mechanics
- Laser beam analysis
- Scanners & modulation
- Spectroscopy
- Photometry

 Sensors    
- Sensors & transducers
- Accelerometers
- Rotary signal transmitters
   

   

For further information please click here

Malcolm Diamond MBE

Position: Chairman since 1 April 2017; Non-Executive Director since November 2015; Chairman of the Nomination Committee and member of the Remuneration Committee.

lndependent: Yes

Other Appointments: Non-Executive Chairman of Trifast Plc and Flowtech Fluidpower PLC.

Skills and experience: Malcolm brings considerable commercial and international business experience to the Board, as well as City investor knowledge and expertise. Prior to joining the Board, Malcolm was Executive Chairman and Chief Executive of Trifast plc and, among other previous appointments, was the Senior Non-Executive Director of Dechra Pharmaceuticals Plc and a Non-Executive Director of Unicorn AIM VCT plc.


Nick Jefferies

Position: Group Chief Executive since January 2009; Chairman of the Group Executive Committee and member of the Nomination Committee.

Other Appointments: None

Skills and experience: With 30 years' experience, Nick brings extensive knowledge of the electronics industry. Formerly General Manager for electronics globally at Electrocomponents plc, he started his career as an electronics design engineer for Racal Defence (now part of Thales plc) before joining Toshiba and then Hitachi's European electronic components businesses.

Simon Gibbins
 

Position: Group Finance Director since July 2010 and a member of the Group Executive Committee.

Other Appointments: None

Skills and experience: Simon brings significant financial expertise and experience gained at an international level. A Chartered Accountant, he was previously Global Head of Finance and Deputy CFO at Shire plc. Prior to joining Shire in 2000, he spent 6 years with lCl plc in various senior finance roles, both in the UK and overseas. His earlier career was spent with Coopers & Lybrand.

 

Richard Brooman
Position: Senior Non-Executive Director since December 2014; Non-Executive Director since January 2013; Chairman of the Audit Committee and member of the Remuneration and Nomination Committee.

lndependent: Yes

Other Appointments: Non-Executive Director at Hg Capital Trust plc and lnvesco Perpetual UK Smaller Companies lnvestment Trust plc, Skills and experience: Richard brings a wealth of financial and risk management experience to the Board. A Chartered Accountant, Richard was Group Finance Director of Sherwood lnternational plc and VCI plc during his executive career and he is a Director or Trustee of several businesses in the third sector.

 

Tracey Graham

 

Position: Non-Executive Director since November 2015; member of the Audit, Nomination and Remuneration Committees.

lndependent: Yes

Other Appointments: Non-Executive Director at lbstock plc, at Royal London Mutual Building Society and at Link Scheme Limited. Chairman of lnvestment Funds Direct Limited and Chairman of Link Consumer Council.

Skills and experience: Tracey brings significant operational expertise to the Board. During her executive career, Tracey was Chief Executive of Talaris Limited and Managing Director of De La Rue Cash Systems. Among other previous appointments, she was a Non-Executive Director at RPS Group PLC,

 

Henrietta Marsh
Position: Non-Executive Director since May 2013; Chairman of the Remuneration Committee and member of the Audit and Nomination Committees.

lndependent: Yes

Other Appointments: Non-Executive Director and Chairman of the Remuneration Committee at Electric Word plc, Member nominated trustee of the 3i plc Pension Fund.

Skills and experience: Henrietta has 30 years' experience in the financial services industry. She was the founder chairman of the AIM VCT Managers Group and is a member of the London Stock Exchange's AIM Advisory Group, Henrietta was previously responsible for AIM investment at Living Bridge EP LLP and was a director of 3i plc, where she worked as a fund manager.

 

Joanna Harkus Madge
Position: Group company secretary since 1 April 2017.

Other Appointments: None

Skills and experience: Joanna joined discoverlE as Group Company Secretary Designate in January 2017 and became Group Company Secretary on 1 April 2017. A qualified Chartered Secretary, she previously held that position at Arle Capital Partners Limited (formerly part of Candover lnvestments plc).

 The issued share capital of the Company comprises 70,714,859 ordinary shares of 5 pence each.

As at 28 November 2017 to the best of the Company's knowledge and belief shareholders/managers with shareholdings equal to or in excess of three per cent of the Company's issued share capital were as shown below.

 

Holdings of ordinary shares (5p)

 

Canaccord Genuity Group Inc*

7,757,475

(10.97%)

Aberdeen Standard Investments

6,134,808

(8.67%)

Unicorn Asset Management (UK)

5,256,435

(7.42%)

Legal & General Investment Management Ltd (UK)

4,729,511

(6.69%)

Chelverton Asset Management

3,643,614

(5.15%)

BlackRock Inc

3,242,721

(4.49%)

AXA SA

2,936,499

(4.15%)

Franklin Resources

2,639,779

(3.73%)

* Following acquisition of Hargreave Hale Investment Management

2 Chancellor Court

Occam Road

Surrey Research Park

Guildford

GU2 7AH

Tel: 01483 544500

Overseas: +44 (0)1483 544500

 

Stockbrokers - Peel Hunt LLP

 

Principal bankers - Barclays Bank PLC/Lloyds TSB Bank plc

 

Auditors - Ernst & Young LLP

 

Registrars - Equiniti Limited

discoverIE Group plc Timeline

RNS
July 11 2018
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June 27 2018
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June 20 2018
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June 11 2018
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June 08 2018
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June 06 2018
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June 05 2018
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April 19 2018
RNS
March 30 2018
Newswire
January 04 2018

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