Volution Group plc Director/PDMR Shareholding (4533Q)
October 18 2019 - 11:32AM
UK Regulatory
TIDMFAN
RNS Number : 4533Q
Volution Group plc
18 October 2019
Friday 18 October 2019
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 17 October 2019,
the awards granted under the Company's Deferred Share Bonus Plan
(DSBP) on 17 October 2016 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 award which has vested,
the total shareholding following transfer of the share awards from
the Volution Employee Benefit Trust to the Director and the
shareholding as a percentage of issued voting share capital:
Number of New total Shareholding
DSBP shares shareholding as a % of voting
vesting (1) (2) share capital
Ronnie George, Chief
Executive Officer 4,410 5,647,207 2.848%
------------- -------------- ------------------
Notes:
1. 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.
2. 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.
-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, Kair, Air Connection, inVENTer, Ventilair,
Simx and Ventair, 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 award under the Volution Deferred
Share Bonus Plan (DSBP).
-------------------------- -----------------------------------------
c) Price(s) and volume(s) DSBP: Price(s) Volume(s)
GBPNIL 4,410
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume DSBP: 4,410 ordinary shares at GBPNIL
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 17 October 2019
-------------------------- -----------------------------------------
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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