REG - Volution Group plc - Director/PDMR Shareholding
16/10/2024 17:45
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RNS Number : 4972I Volution Group plc 16 October 2024
16 October 2024
Volution Group plc
Vesting and Exercise of Share Awards under the Company's
Long Term Incentive Plan and 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 the award granted under the Company's Deferred Share
Bonus Plan (DSBP) on 13 October 2021 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 by Andy O'Brien on 15 October 2024 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
39,444 Nil n/a 39,444
Andy O'Brien, Chief Financial Officer
27,602 13,006 £6.11 14,596
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. Andy O'Brien has sold sufficient shares to settle the income tax and NI
liability due on vesting and retained the remainder of the shares.
On 15 October 2024, Andy O'Brien also 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 Date Number of Shares Acquired(1) Number of shares sold to satisfy income tax, national insurance liability and Price per Share Number of Shares Retained
dealing costs
Andy O'Brien, Chief Financial Officer 15 October 2019 214,910 101,261 £6.18 113,649
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.
The attached notification, made pursuant to Article 19(3) of the Market Abuse
Regulation, provides 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 Vesting and exercise 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 2021 Award. £Nil 39,444
d) Aggregated information Aggregated volume:
- Aggregated volume Exercise
- Price Volume: 39,444
Price: £Nil
e) Date of the transaction 15 October 2024
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: 39,444
Price: £Nil
e)
Date of the transaction
15 October 2024
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).
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 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 2021 Award. £Nil 27,602
Sale of shares to satisfy income tax, national insurance and dealing costs.
Retention of shares. £6.11 13,006
£Nil 14,596
d) Aggregated information Aggregated volume:
- Aggregated volume Exercise
- Price Volume: 27,602
Price: £Nil
Sale to cover income tax, national insurance and dealing costs
Volume: 13,006
Price: £6.11 per share
Retention of shares
Volume: 14,596
Price: £Nil
e) Date of the transaction 15 October 2024
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: 27,602
Price: £Nil
Sale to cover income tax, national insurance and dealing costs
Volume: 13,006
Price: £6.11 per share
Retention of shares
Volume: 14,596
Price: £Nil
e)
Date of the transaction
15 October 2024
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).
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 Ordinary shares of 1 pence each
Identification code
ISIN: GB00BN3ZZ526
b) Nature of the transaction Vesting and exercise of LTIP options under the Volution Long Term Incentive
Plan, 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)
Price(s) Volume(s)
Acquisition of shares on exercise of LTIP 2019 Award. £Nil 214,910
Sale of shares to satisfy income tax, national insurance and dealing costs.
Retention of shares. £6.18 101,261
£Nil 113,649
d) Aggregated information Aggregated volume:
- Aggregated volume Exercise
- Price Volume: 214,910
Price: £Nil
Sale to cover income tax, national insurance and dealing costs
Volume: 101,261
Price: £6.18 per share
Retention of shares
Volume: 113,649
Price: £Nil
e) Date of the transaction 15 October 2024
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: 214,910
Price: £Nil
Sale to cover income tax, national insurance and dealing costs
Volume: 101,261
Price: £6.18 per share
Retention of shares
Volume: 113,649
Price: £Nil
e)
Date of the transaction
15 October 2024
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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