Volution Group plc Director/PDMR Shareholding (6011T)
November 15 2023 - 11:45AM
UK Regulatory
TIDMFAN
RNS Number : 6011T
Volution Group plc
15 November 2023
15 November 2023
Volution Group plc
Exercise of Awards under the Volution Group plc Long Term
Incentive Plan ("LTIP")
Volution Group plc ("Volution" or the "Company", LSE: FAN), a
leading international designer and manufacturer of energy efficient
indoor air quality solutions, announces that on 14 November 2023
Ronnie George, Chief Executive Officer, exercised the following
LTIP options and sold sufficient shares to satisfy income tax,
national insurance liability and dealing costs, with the balance
being retained:
Name LTIP Grant Number of Number of Number of Price
Dates Shares Acquired shares Sold Shares Retained per Share
(1)
Ronnie 17 October
George 2018 306,642 144,480 162,162 GBP4.0972
------------ ----------------- ------------- ----------------- -----------
1. In accordance with the rules of the LTIP, additional shares
equal in value to dividends paid during the period between grant
and vesting were added to the vested share award.
Following the transactions set out above, the shareholding of
the Chief Executive Officer is as follows:
Total holding of % of issued share
ordinary shares (1) capital
Ronnie George, Chief
Executive Officer 3,089,113 1.56%
--------------------- ------------------
1. Total shareholding includes shares held by Ronnie George and
Persons Closely Associated with him (spouse).
The attached notifications, made pursuant to Article 19(3) of
the Market Abuse Regulation, provide further details.
-ends-
Enquiries:
Volution Group plc
Fiona Smith, Company Secretary
Legal Entity Identifier: 213800EPT84EQCDHO768.
Note to Editors:
Volution Group plc (LSE: FAN) is a leading international
designer and manufacturer of energy efficient indoor air quality
solutions. Volution Group comprises 22 key brands across three
regions:
UK: Vent-Axia, Manrose, Diffusion, National Ventilation,
Airtech, Breathing Buildings, Torin-Sifan.
Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection,
Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI,
I-Vent.
Australasia: Simx, Ventair, Manrose, DVS.
For more information, please go to: www.volutiongroupplc.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Ronnie George
-------------------------- ------------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ------------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Volution Group plc
-------------------------- ------------------------------------------------------
b) LEI 213800EPT84EQCDHO768
-------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------
a) Description of the Ordinary shares of 1 pence each
financial instrument,
type of instrument
ISIN: GB00BN3ZZ526
Identification code
-------------------------- ------------------------------------------------------
b) Nature of the transaction Exercise of nil-cost options under
the Long Term Incentive Plan (LTIP),
sale of shares to fund income tax,
national insurance and dealing costs
arising and retention of balance
of shares.
-------------------------- ------------------------------------------------------
c) Price(s) and volume(s) LTIP : Price(s) Volume(s)
Acquisition of
shares on exercise
of LTIP Award.
GBPNil 306,642
Sale of shares
to satisfy income
tax, national
insurance and GBP4.0972 144,480
dealing costs. per share
Retention of
shares. GBPNil 162,162
------------ ----------
-------------------------- ------------------------------------------------------
d) Aggregated information Aggregated volume:
- Aggregated volume Exercise
- Price Volume: 306,642
Price: GBPNil
Sale to cover income tax, national
insurance and dealing costs
Volume: 144,480
Price: GBP4.0972 per share
Retention of shares
Volume: 162,162
Price: GBPNil
-------------------------- ------------------------------------------------------
e) Date of the transaction 14 November 2023
-------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue (exercise
of LTIP and retention of shares)
and London Stock Exchange, Main Market
(XLON) (sale of shares).
-------------------------- ------------------------------------------------------
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END
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