REG - Volution Group plc - Director/PDMR Shareholding

VolutionAnnouncement

13/10/2023 16:30

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RNS Number : 1263Q  Volution Group plc  13 October 2023

13 October 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 12 October 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 Dates   Number of Shares Acquired(1)  Number of shares Sold  Number of Shares Retained  Price per Share
 Ronnie George  29 October 2014    184,436                       228,840                256,835                    £3.7921

                19 November 2015   123,808

                17 October 2016    99,662

                23 March 2018      77,769

                                   Total: 485,675

 

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 ordinary shares (1)  % of issued share capital

 Ronnie George, Chief Executive Officer  2,926,951                             1.48%

 

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
(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                                    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 Awards.                             £Nil                 485,675

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

                                                                   Retention of shares.                                                          £3.7921 per share    228,840

                                                                                                          £Nil

                                                                                                                     256,835
 d)   Aggregated information                                       Aggregated volume:

      - Aggregated volume                                          Exercise

      - Price                                                      Volume: 485,675

                                                                   Price: £Nil

                                                                   Sale to cover income tax, national insurance and dealing costs

                                                                   Volume: 228,840

                                                                   Price: £3.7921 per share

                                                                   Retention of shares

                                                                   Volume: 256,835

                                                                   Price:  £Nil

 e)   Date of the transaction                                      12 October 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).

d)

 

Aggregated information

 

- Aggregated volume

- Price

Aggregated volume:

 

Exercise

Volume: 485,675

Price: £Nil

 

Sale to cover income tax, national insurance and dealing costs

Volume: 228,840

Price: £3.7921 per share

 

Retention of shares

Volume: 256,835

Price:  £Nil

 

e)

 

Date of the transaction

12 October 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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