Director/PDMR Shareholding

Volution Group plc

15 November 2023

 

15 November 2023

Volution Group plc

Exercise of Awards under the Volution Group plc Long Term Incentive Plan ("LTIP")

Volution Group plc ("Volution" or the "Company", LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces that on 14 November 2023 Ronnie George, Chief Executive Officer, exercised the following LTIP options and sold sufficient shares to satisfy income tax, national insurance liability and dealing costs, with the balance being retained:  

Name	LTIP Grant Dates	Number of Shares Acquired1	Number of shares Sold	Number of Shares Retained	Price per Share
Ronnie George	17 October 2018	306,642	144,480	162,162	£4.0972

1.     In accordance with the rules of the LTIP, additional shares equal in value to dividends paid during the period between grant and vesting were added to the vested share award.

Following the transactions set out above, the shareholding of the Chief Executive Officer is as follows:

	Total holding of ordinary shares 1	% of issued share capital
Ronnie George, Chief Executive Officer	3,089,113	1.56%

1.     Total shareholding includes shares held by Ronnie George and Persons Closely Associated with him (spouse).

The attached notifications, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details.

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Enquiries:

Volution Group plc

Fiona Smith, Company Secretary                             

Legal Entity Identifier: 213800EPT84EQCDHO768.

Note to Editors:

Volution Group plc (LSE: FAN) is a leading international designer and manufacturer of energy efficient indoor air quality solutions.  Volution Group comprises 22 key brands across three regions:

UK: Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Torin-Sifan.

Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI, I-Vent.

Australasia: Simx, Ventair, Manrose, DVS.

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

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	Exercise of nil-cost options under the Long Term Incentive Plan (LTIP), sale of shares to fund income tax, national insurance and dealing costs arising and retention of balance of shares.
c)	Price(s) and volume(s)	LTIP: Price(s) Volume(s) Acquisition of shares on exercise of LTIP Award. Sale of shares to satisfy income tax, national insurance and dealing costs. Retention of shares. £Nil £4.0972 per share £Nil 306,642 144,480 162,162
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: Exercise Volume: 306,642 Price: £Nil Sale to cover income tax, national insurance and dealing costs Volume: 144,480 Price: £4.0972 per share Retention of shares Volume: 162,162 Price:  £Nil
e)	Date of the transaction	14 November 2023
f)	Place of the transaction	Outside a trading venue (exercise of LTIP and retention of shares) and London Stock Exchange, Main Market (XLON) (sale of shares).

 

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