REG - Volution Group plc - Director/PDMR Shareholding

VolutionAnnouncement

14/10/2024 07:00

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RNS Number : 9671H  Volution Group plc  14 October 2024

 

14 October 2024

 

 

Volution Group plc

 

Director Dealing

Volution Group plc ("the Company" or "Volution", LSE: FAN) announces that is
has been notified by Ronnie George and Lynsey George that they have sold a
total of 2,300,000 ordinary shares in the Company at a price of £5.60 per
share. The shares sold represent approximately 1.16% of the Company's issued
share capital. Lynsey George is the wife of, and therefore a person closely
associated with, Ronnie George.

 

The sale has been aimed at achieving greater portfolio diversification on the
part of Ronnie George. Ronnie George last sold shares in Volution in January
2020.

 

Ronnie George remains fully committed to Volution in his role as Chief
Executive Officer and he and Lynsey George will continue to have an interest
of 1,735,514 shares in the Company, representing approximately 0.88% of the
Company's issued share capital and comprising issued shares, unexercised but
vested LTIP options, and deferred bonus shares.

 

The Company was not a party to the sale and will not receive any proceeds from
the sale.

 

-ends-

 

For further information:

 Volution Group plc
 Fiona Smith, Group Company Secretary  +44 (0) 1293 441501

 Joh. Berenberg, Gossler & Co. KG      +44 (0) 20 3207 7800

 Matt Armitt

 Richard Bootle

 Detlir Elezi

 Jefferies International Limited       +44 (0) 20 7029 8000

 Sam Barnett

 Thomas Bective

 Alexander Ind

 FTI Consulting                        +44 (0) 203 727 1340
 Richard Mountain
 Susanne Yule

 

 

Volution Group plc 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)

 

Cautionary statement regarding forward-looking statements

This document may contain forward-looking statements which are made in good
faith and are based on current expectations or beliefs, as well as assumptions
about future events. You can sometimes, but not always, identify these
statements by the use of a date in the future or such words as "will",
"anticipate", "estimate", "expect", "project", "intend", "plan", "should",
"may", "assume" and other similar words. By their nature, forward-looking
statements are inherently predictive and speculative and involve risk and
uncertainty because they relate to events and depend on circumstances that
will occur in the future. You should not place undue reliance on these
forward-looking statements, which are not a guarantee of future performance
and are subject to factors that could cause our actual results to differ
materially from those expressed or implied by these statements. The Company
undertakes no obligation to update any forward-looking statements contained in
this document, whether as a result of new information, future events or
otherwise.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Lynsey George, wife of Ronnie George

 2    Reason for the notification

 a)   Position/status                                              Person Closely Associated with Ronnie George

 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 £0.01 each

      Identification code

                                                                   ISIN: GB00BN3ZZ526
 b)   Nature of the transaction                                    Disposal of shares

 c)   Price(s) and volume(s)

Price(s)   Volume(s)
                                                                   560 pence  2,300,000

 d)   Aggregated information                                        n/a (single transaction)

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      11 October 2024

 f)   Place of the transaction                                     London Stock Exchange

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 n/a (single transaction)

 

 

 

 

e)

 

Date of the transaction

 

11 October 2024

f)

 

Place of the transaction

 

London Stock Exchange

 

 

 

 

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