Volution Group plc Director/PDMR Shareholding (8206H)
November 19 2018 - 11:30AM
UK Regulatory
TIDMFAN
RNS Number : 8206H
Volution Group plc
19 November 2018
Monday 19 November 2018
Volution Group plc
Vesting of share awards under the Company's Deferred Share Bonus
Plan
Volution Group plc ("Volution" or the "Company", LSE: FAN), a
leading supplier of ventilation products to the residential and
commercial construction markets, announces that on 19 November
2018, the awards granted to Executive Directors under the Company's
Deferred Share Bonus Plan (DSBP) on 19 November 2015 vested
following the end of a three year deferral period. These share
awards were not subject to performance conditions. No consideration
was paid for the DSBP share awards and no consideration was payable
on vesting.
The following table sets out the share awards which have vested,
the total shareholdings following transfer of the share awards from
the Volution Employee Benefit Trust to the Executive Directors and
their shareholdings as a percentage of issued voting share
capital:
Executive Director Number of Total shareholding Shareholding
DSBP shares as a % of voting
vesting * share capital
Ronnie George, Chief
Executive Officer 4,964 5,637,797 2.84%
------------- ------------------- ------------------
Ian Dew, Chief Financial
Officer 3,546 858,873 0.43%
------------- ------------------- ------------------
* In accordance with the rules of the DSBP, dividend equivalent
shares in respect of the period between grant and vesting were
added to the vested share awards.
The attached notifications, made pursuant to Article 19(3) of
the Market Abuse Regulation, provide further details.
-ends-
Enquiries:
Volution Group plc
Michael Anscombe, Company Secretary +44 (0) 1293 441562
Legal Entity Identifier: 213800EPT84EQCDHO768.
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
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 Initial notification
/Amendment
-------------------------- ------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
ISIN: GB00BN3ZZ526
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction Vesting and transfer of conditional
share awards under the Volution Deferred
Share Bonus Plan (DSBP).
-------------------------- ------------------------------------------
c) Price(s) and volume(s) DSBP: Price(s) Volume(s)
GBPNIL 4,964
----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume DSBP: 4,964 ordinary shares at GBPNIL
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 19 November 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
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 Ian Dew
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
ISIN: GB00BN3ZZ526
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction Vesting and transfer of conditional
share awards under the Volution Deferred
Share Bonus Plan (DSBP).
-------------------------- ------------------------------------------
c) Price(s) and volume(s) DSBP: Price(s) Volume(s)
GBPNIL 3,546
----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume DSBP: 3,546 ordinary shares at GBPNIL
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 19 November 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
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.
END
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