REG - Volvere PLC - Result of Buy-back, PDMR Dealing and TVR <Origin Href="QuoteRef">VLE.L</Origin>

VolvereAnnouncement

13/10/2017 14:40

RNS Number : 5977T
Volvere PLC
13 October 2017
Volvere plc
("Volvere" or the "Company")
Result of Buy-back, PDMR Dealing and Total Voting Rights
Volvere plc, the growth and turnaround investment company, is pleased to announce that further to the announcement of 11 October 2017, the Buy-back was fully taken up. The Company has repurchased into treasury 407,595 ordinary shares of 0.00001 pencein the capital of the Company ("Ordinary Shares") at a purchase price of 835 pence per Ordinary Share, returning approximately 3.4 million to shareholdersin accordance with the approval granted by shareholders at the general meeting of the Company held on 19 November 2012. 
Directors' Dealings and Related Party Transactions
As previously indicated, Jonathan Lander, CEO, and Nicholas Lander, COO, participated in the Buy-back, selling in aggregate 157,195 Ordinary Shares at a price of 835 pence per Ordinary Share, as detailed below:
Director
Shareholding prior to Buy-back
% of TVR prior to Buy-back
Shares sold in Buy-back
Shareholding following Buy-back
% of TVR following Buy-Back
Jonathan Lander
1,023,677
25.12%
102,367
921,310
25.12%
Nicholas Lander
548,277
13.45%
54,828
493,449
13.45%
Total
1,571,954
38.57%
157,195
1,414,759
38.57%
In addition, Andrew Cohen, a substantial shareholder and director of a subsidiary of the Company, also participated in the Buy-back, selling 231,689 Ordinary Shares at a price of 835 pence per Ordinary Share.
David Buchler, the sole independent director, considers, having consulted with the Company's nominated adviser, N+1 Singer, that the terms of the participation of each of Jonathan Lander, Nicholas Lander and Andrew Cohen in the Buy-back are fair and reasonable insofar as the Company's shareholders are concerned.
Total Voting Rights
Following completion of the Buy-back, the Company has 6,207,074 Ordinary Shares in issue and admitted to trading on AIM and will hold 2,538,711 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 3,668,363 Ordinary Shares.
Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the announcement of 11 October 2017.
For further information, contact:
Volvere plc
David Buchler, Non-executive Chairman 
Jonathan Lander, CEO
Nick Lander, COO
Tel: +44 20 7634 9707
N+1 Singer (Nominated Adviser and Broker)
Aubrey Powell
Liz Yong
James Hopton
Tel: + 44 20 7496 3000
Notificationandpublicdisclosureoftransactionsbypersonsdischargingmanagerial responsibilitiesandpersonscloselyassociatedwiththem
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Jonathan Lander
2 
Reason for the notification 
a) 
Position/status 
CEO
b) 
Initial notification /Amendment 
Initial
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 
Sale of Ordinary Shares via Buy-back
c) 
Price(s) and volume(s) 






Price(s)
Volume(s)



(i) 835 pence
(ii) 835 pence
(i) 18,367
(ii) 84,000






d) 
Aggregated information 



- Aggregated volume
102,367 Ordinary Shares


- Price
835 pence


e) 
Date of the transaction 
13 October 2017
f) 
Place of the transaction 
London Stock Exchange (XLON)
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Nicholas Lander
2 
Reason for the notification 
a) 
Position/status 
COO
b) 
Initial notification /Amendment 
Initial
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 
Sale of Ordinary Shares via Buy-back
c) 
Price(s) and volume(s) 






Price(s)
Volume(s)



835 pence
54,828






d) 
Aggregated information 



- Aggregated volume
N/A


- Price



e) 
Date of the transaction 
13 October 2017
f) 
Place of the transaction 
London Stock Exchange (XLON)

This information is provided by RNS
The company news service from the London Stock Exchange
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