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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 Dates Number of Shares Acquired(1) Number of shares Sold Number of Shares Retained Price per Share
Ronnie George 17 October 2018 306,642 144,480 162,162 £4.0972
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 ordinary shares (1) % of issued share 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
(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 Award. £Nil 306,642
Sale of shares to satisfy income tax, national insurance and dealing costs.
Retention of shares. £4.0972 per share 144,480
£Nil
162,162
d) Aggregated information Aggregated volume:
- Aggregated volume Exercise
- Price Volume: 306,642
Price: £Nil
Sale to cover income tax, national insurance and dealing costs
Volume: 144,480
Price: £4.0972 per share
Retention of shares
Volume: 162,162
Price: £Nil
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).
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
Exercise
Volume: 306,642
Price: £Nil
Sale to cover income tax, national insurance and dealing costs
Volume: 144,480
Price: £4.0972 per share
Retention of shares
Volume: 162,162
Price: £Nil
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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