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REG - Volvere PLC - Result of Buy-back, PDMR Dealing and TVR





 




RNS Number : 7132F
Volvere PLC
30 October 2018
 

Volvere plc

("Volvere" or the "Company")

Result of Buy-back, PDMR Dealing and Total Voting Rights

Volvere is pleased to announce that further to its announcement of 25 October 2018, the Buy-back was fully taken up. The Company has repurchased into treasury 550,254 ordinary shares of 0.00001 pence in the capital of the Company ("Ordinary Shares") at a purchase price of 1102 pence per Ordinary Share, returning approximately £6.06 million to shareholders in accordance with the approval granted by shareholders at the general meeting of the Company held on 25 June 2018.

 

Directors' Dealings and Related Party Transactions

As previously indicated, Jonathan Lander, CEO, and Nicholas Lander, COO, participated in the Buy-back, selling in aggregate 487,419 Ordinary Shares at a price of 1102 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

921,310

25.12%

317,414

603,896

19.37%

Nicholas Lander

493,449

13.45%

170,005

323,444

10.37%

Total

1,414,759

38.57%

487,419

927,340

29.74%

 

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 and Nicholas Lander 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 3,088,965 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 3,118,109 Ordinary Shares.

 

Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the announcement of 25 October 2018.

 

 

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

Lauren Kettle

Tel: + 44 20 7496 3000

 

 

 

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

 

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)




1102 pence

317,414







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

 

Date of the transaction

 

30 October 2018

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)




1102 pence

170,005







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

 

Date of the transaction

30 October 2018

f)

 

Place of the transaction

London Stock Exchange (XLON)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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