REG - Volution Group plc - Director/PDMR Shareholding

VolutionAnnouncement

18/10/2022 16:30

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RNS Number : 3102D  Volution Group plc  18 October 2022

 

Tuesday 18 October 2022

 

 

Volution Group plc

Vesting of Share Awards under the Company's Deferred Share Bonus Plan

 

 

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 15 October 2022, the award granted under the
Company's Deferred Share Bonus Plan (DSBP) on 15 October 2019 vested following
the end of a three-year deferral period. This share award was not subject to
performance conditions.  No consideration was paid for the DSBP share award
and no consideration was payable on vesting.

 

The following table shows the number of share awards vested and exercised, the
number of shares sold to satisfy income tax, national insurance liability and
dealing costs and the number of shares retained:

 

                                         Number of DSBP shares vesting (1)  Number of shares sold to satisfy income tax, national insurance liability and  Price at which each share sold  Number of shares retained
                                                                            dealing costs
 Ronnie George, Chief Executive Officer

                                         44,518                             21,535                                                                         325 pence                       22,983

 

1.     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. Ronnie George has sold sufficient shares to settle the
income tax and NI liability due on vesting and retained the remainder of the
shares.

 

Following the exercise, sale and retention of shares under the DSBP, the
shareholding of the Chief Executive Officer is as follows:

                                         Total holding of ordinary shares (1)  % of issued share capital

 Ronnie George, Chief Executive Officer  2,670,116                             1.35%

 

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 19 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.

Australasia: Simx, Ventair, Manrose.

 

For more information, please go to: www.volutiongroupplc.com
(http://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  Ordinary shares of 1 pence each

      Identification code

                                                                   ISIN: GB00BN3ZZ526
 b)   Nature of the transaction                                    Vesting and exercise of conditional share award under the Volution Deferred

                                                            Share Bonus Plan (DSBP), sale of shares to fund the income tax, national
                                                                   insurance and dealing costs and retention of balance of shares.

 c)   Price(s) and volume(s)                                       DSBP:

                                       Price(s)              Volume(s)
                                                                   Acquisition of shares on exercise of DSBP 2019 Award.                         £Nil                  44,518

                                                                   Sale of shares to satisfy income tax, national insurance and dealing costs.

                                                                   Retention of shares.                                                          325 pence per share   21,535

                                                                                                          £Nil

                                                                                                                     22,983
 d)   Aggregated information                                       Aggregated volume:

      - Aggregated volume                                          Exercise

      - Price                                                      Volume: 44,518

                                                                   Price: £Nil

                                                                   Sale to cover income tax, national insurance and dealing costs

                                                                   Volume: 21,535

                                                                   Price:  325 pence per share

                                                                   Retention of shares

                                                                   Volume: 22,983

                                                                   Price:  £Nil

 e)   Date of the transaction                                      17 October 2022

 f)   Place of the transaction                                     Outside a trading venue (exercise of conditional share award and retention of

                                                                 shares) and London Stock Exchange, Main Market (XLON) (sale of shares).

d)

 

Aggregated information

 

- Aggregated volume

- Price

Aggregated volume:

 

Exercise

Volume: 44,518

Price: £Nil

 

Sale to cover income tax, national insurance and dealing costs

Volume: 21,535

Price:  325 pence per share

 

Retention of shares

Volume: 22,983

Price:  £Nil

 

e)

 

Date of the transaction

17 October 2022

f)

 

Place of the transaction

Outside a trading venue (exercise of conditional share award and retention of
shares) and London Stock Exchange, Main Market (XLON) (sale of shares).

 

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