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: [phone]
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)

 

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