Director/PDMR Shareholding

RNS Number : 9200N

Volution Group plc

23 January 2019

 

23 January 2019

Volution Group plc

Director Shareholding - transfer to spouse & nominee account

Volution Group plc (the "Company", LSE: FAN) a leading supplier of ventilation products to the residential and commercial construction markets, announces that on 23 January 2019 it received notification that Ronnie George, Chief Executive Officer, transferred 2,800,000 of his ordinary shares in the Company to his spouse, to be held in a nominee account at Hargreave Hale Limited and transferred 2,822,833 of his ordinary shares in the Company which were held in paper form, to his existing nominee account at Hargreave Hale Limited.

Following this notification, the total share interests of Ronnie George (and his Closely Associated Persons) remain unchanged at 5,642,797 ordinary shares, which represents 2.84% of the Company's voting capital.

The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.

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	Ronnie George
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volution Group plc
b)	LEI	213800EPT84EQCDHO768
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 Identification code	Ordinary shares of 1 pence each ISIN: GB00BN3ZZ526
b)	Nature of the transaction	(i)  Transfer of shares to Lynsey George (spouse) for nil consideration, to be held in a nominee account at Hargreave Hale Limited (ii) Transfer of shares held in paper form to a nominee account at Hargreave Hale Limited
c)	Price(s) and volume(s)	Price(s) Volume(s) (i)  Nil (ii) Nil 2,800,000 2,822,833
d)	Aggregated information - Aggregated volume - Price	5,622,833 shares Nil
e)	Date of the transaction	23 January 2019
f)	Place of the transaction	Outside of main market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lynsey George
2	Reason for the notification
a)	Position/status	Closely Associated Person (spouse) of Ronnie George, Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volution Group plc
b)	LEI	213800EPT84EQCDHO768
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 Identification code	Ordinary shares of 1 pence each ISIN: GB00BN3ZZ526
b)	Nature of the transaction	Transfer of shares from Ronnie George (spouse)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 2,800,000
d)	Aggregated information - Aggregated volume - Price	Not applicable, single transaction.
e)	Date of the transaction	23 January 2019
f)	Place of the transaction	Outside of main market

- ends -

Enquiries:

Volution Group plc

Michael Anscombe, Company Secretary                        [phone]

Note to Editors:

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.

The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin-Sifan) division. The Ventilation Group comprises 15 key brands - Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Fresh, PAX, VoltAir, Welair, Kair, Air Connection, inVENTer, Ventilair and Simx, focused primarily on the UK, the Nordic, Central European and Australasian ventilation markets. The Ventilation Group principally supplies ventilation products for residential and commercial ventilation applications. The OEM (Torin-Sifan) division supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.

For more information, please go to: www.volutiongroupplc.com

 

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