Directors' Dealings & Transaction in Own Shares

Volvere

20/06/2019 16:34

RNS Number : 9470C

Volvere PLC

20 June 2019

 

Volvere plc

("Volvere" or the "Company")

Transaction in Own Shares, Related Party Transaction and Directors' Dealings

Volvere plc (AIM: VLE), the growth and turnaround investment company, announces that it purchased today 70,319 ordinary shares of 0.00001 pence each in the capital of the Company ("Ordinary Shares") at a price of 1215 pence per Ordinary Share as further detailed below. All of the repurchased shares will be held in treasury.

Price (pence)
Date
Quantity
Venue
1,215
20/06/2019
70,319
LSE

 

Following the above transaction, the Company will have 6,207,074 Ordinary Shares in issue and admitted to trading on AIM and will hold 4,372,892 Ordinary Shares in treasury.  The number of shares in issue (excluding treasury shares), and the figure to be used as the denominator for calculations of interests in the Company's voting rights, is 1,834,182.

Directors' Dealings

David Buchler, Chairman of the Company has notified the Company that he has sold today 84,893 Ordinary Shares at a price of 1215 pence per Ordinary Share.  Jonathan Lander and Nicholas Lander, both directors of the Company, have notified the Company that they have each acquired today 7,287 Ordinary Shares at a price of 1215 pence per Ordinary Share.

The interests of the directors in Ordinary Shares before and after these transactions are set out below:

 

Director
Shareholding prior to trade
% of TVR prior to trade
Shares bought(sold)
Shareholding following trade
% of TVR following trade
David Buchler
129,893
6.82
(84,893)
45,000
2.45
Jonathan Lander
232,750
12.22
7,287
240,037
13.09
Nicholas Lander
124,660
6.55
7,287
131,947
7.19


Related Party Transaction

The purchase of the Ordinary Shares by the Company and the sale of Ordinary Shares by David Buchler is being treated as a related party transaction ("Transaction") for the purposes of Rule 13 of the AIM Rules for Companies. Jonathan Lander and Nicholas Lander, both directors of the Company independent of the Transaction, consider, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as the Company's shareholders are concerned.

 

This announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information contact:

Volvere plc
Jonathan Lander, CEO
Tel: + 44 (0) 20 7634 9707
www.volvere.co.uk
Cairn Financial Advisers LLP
Sandy Jamieson/James Lewis
Tel: + 44 (0) 20 7213 0880
Hobart Capital Markets LLP
Lee Richardson
Tel: + 44 (0) 20 7070 5691

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
a) David Buchler
b) Jonathan Lander
c) Nicholas Lander
2
Reason for the notification
a)
Position/status
a) Chairman
b) CEO
c) COO
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Volvere plc
b)
LEI
213800GWXPMU8DUJ9G34
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 0.00001 pence each
Identification code
GB0032302688
b)
Nature of the transaction
a) Disposal of shares
b) Purchase of shares
c) Purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
a) 1215 pence
b) 1215 pence
c) 1215 pence
a) 84,893
b) 7,287
c) 7,287
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
20 June 2019
f)
Place of the transaction
London Stock Exchange (XLON)

 

 

 

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