Directors' Dealings & Transaction in Own Shares

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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