Director/PDMR Shareholding
15 October 2026
Volution Group plc
Transactions under the Company’s Deferred Share Bonus Plan
and Long Term Incentive Plan
Volution Group plc (“Volution” or the “Company”, LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces transactions by Ronnie George, Chief Executive Officer, and Andy O’Brien, Chief Financial Officer, in connection with awards under the Company’s Deferred Share Bonus Plan (DSBP) and, in the case of Andy O’Brien, the Company’s Long Term Incentive Plan (LTIP).
Deferred Share Bonus Plan
Awards granted under the DSBP vested following the end of the applicable deferral period. The awards were not subject to performance conditions, and no consideration was payable on vesting or exercise. Ronnie George sold all the shares acquired, and Andy O’Brien sold sufficient shares to satisfy income tax, national insurance liabilities and dealing costs. The following table shows the number of awards that vested and were exercised, and the number of shares sold by Ronnie George and Andy O’Brien on 13 October 2026:
Number of DSBP shares vesting 1
Number of shares sold
Price at which each share sold
Ronnie George, Chief Executive Officer
39,833
39,833
£6.50
Andy O’Brien, Chief Financial Officer
27,874
13,136
£6.50
Long Term Incentive Plan
Andy O’Brien exercised a nil-cost option under the LTIP on 13 October 2026 in respect of an award granted on 13 October 2021 which vested on 13 October 2024. He sold sufficient shares to satisfy income tax, national insurance liabilities and dealing costs, with the balance subsequently transferred for nil consideration to Rowenna O’Brien, his wife. Details of the LTIP transaction are set out below:
Name
Number of LTIP shares acquired2
Number of shares sold
Number of shares transferred
Price at which each share sold
Andy O’Brien, Chief Financial Officer
69,128
32,578
36,550
£6.42
Following the DSBP sale, Andy O’Brien transferred the remaining 14,738 shares for nil consideration to Rowenna O’Brien, his spouse, on 14 October 2026. Following the LTIP sale, he transferred the remaining 36,550 shares to Rowenna O’Brien for nil consideration on 14 October 2026.
- In accordance with the rules of the DSBP, dividend equivalent shares in respect of the period between grant and vesting were added to the vested share award.
- 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.
The attached notifications, made pursuant to Article 19(3) of the UK Market Abuse Regulation, provide further details.
-ends-
Enquiries:
Volution Group plc
Fiona Smith, Company Secretary
Legal Entity Identifier: 213800EPT84EQCDHO768
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
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ronnie George
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Volution Group plc
b)
LEI
213800EPT84EQCDHO768
4
Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument
Identification code
Ordinary shares of 1 pence each
ISIN: GB00BN3ZZ526
b)
Nature of the transaction
Exercise and sale of conditional share award under the Volution Deferred Share Bonus Plan (DSBP).
c)
Price(s) and volume(s)
DSBP:
Price(s)
Volume(s)
Acquisition of shares on exercise of DSBP award.
Sale of Shares.
£Nil
Sale price: £6.50 per share
39,833
39,833
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
Exercise
Volume: 39,833
Price: £Nil
Sale
Volume: 39,833
Sale Price: £6.50 per share
e)
Date of the transaction
13 October 2026
f)
Place of the transaction
Exercise of the conditional share award: Outside a trading venue (XOFF).
Sale of shares: London Stock Exchange (XLON).
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andy O’Brien
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Volution Group plc
b)
LEI
213800EPT84EQCDHO768
4
Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument
Identification code
Ordinary shares of 1 pence each
ISIN: GB00BN3ZZ526
b)
Nature of the transaction
Exercise of a conditional share award under the Volution Deferred Share Bonus Plan (DSBP), sale of shares to cover tax liabilities and transfer of the remaining shares for nil consideration to Rowenna O’Brien, his spouse.
c)
Price(s) and volume(s)
DSBP:
Price(s)
Volume(s)
Acquisition of shares on exercise of DSBP award.
Sale of shares.
Transfer of remaining shares to Rowenna O’Brien.
£Nil
£6.50 per share
£Nil
27,874
13,136
14,738
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
Exercise
Volume: 27,874
Price: £NilSale
Volume: 13,136
Price: £6.50 per shareTransfer
Volume: 14,738
Price: £Nile)
Date of the transaction
13 October 2026 (exercise and sale) and 14 October 2026 (transfer)
f)
Place of the transaction
Exercise and transfer of shares: Outside a trading venue (XOFF).
Sale of shares: London Stock Exchange (XLON).
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andy O’Brien
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Volution Group plc
b)
LEI
213800EPT84EQCDHO768
4
Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument
Identification code
Ordinary shares of 1 pence each
ISIN: GB00BN3ZZ526
b)
Nature of the transaction
Exercise of a nil-cost option under the Volution Group plc Long Term Incentive Plan (LTIP), sale of shares to satisfy income tax, national insurance liabilities and dealing costs, and transfer of the remaining shares for nil consideration to Rowenna O’Brien, his spouse.
c)
Price(s) and volume(s)
LTIP:
Price(s)
Volume(s)
Acquisition of shares on exercise of LTIP award.
Sale of shares to satisfy income tax, national insurance liabilities and dealing costs.
Transfer of remaining shares to Rowenna O’Brien.
£Nil
£6.42 per share
£Nil
69,128
32,578
36,550
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
Exercise
Volume: 69,128
Price: £NilSale to cover income tax, national insurance liabilities and dealing costs
Volume: 32,578
Price: £6.42 per shareTransfer
Volume: 36,550
Price: £Nile)
Date of the transaction
13 October 2026 (exercise and sale) and 14 October 2026 (transfer)
f)
Place of the transaction
Exercise and transfer of shares: Outside a trading venue (XOFF).
Sale of shares: London Stock Exchange (XLON).
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rowenna O’Brien
2
Reason for the notification
a)
Position/status
Person closely associated with Andy O’Brien, Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Volution Group plc
b)
LEI
213800EPT84EQCDHO768
4
Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument
Identification code
Ordinary shares of 1 pence each
ISIN: GB00BN3ZZ526
b)
Nature of the transaction
Acquisition of shares by transfer for nil consideration from Andy O’Brien, a person discharging managerial responsibilities.
c)
Price(s) and volume(s)
DSBP and LTIP:
Price(s)
Volume(s)
Acquisition of shares by transfer from Andy O’Brien following the exercise of DSBP and LTIP awards.
£Nil
51,288
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
Volume: 51,288
Price: £Nil
e)
Date of the transaction
14 October 2026
f)
Place of the transaction
Outside a trading venue
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