Volution Group plc Director/PDMR Shareholding (3102D)
October 18 2022 - 10:30AM
UK Regulatory
TIDMFAN
RNS Number : 3102D
Volution Group plc
18 October 2022
Tuesday 18 October 2022
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 international designer and manufacturer of energy efficient
indoor air quality solutions, announces that on 15 October 2022,
the award granted under the Company's Deferred Share Bonus Plan
(DSBP) on 15 October 2019 vested following the end of a three-year
deferral period. This share award was not subject to performance
conditions. No consideration was paid for the DSBP share award and
no consideration was payable on vesting.
The following table shows the number of share awards vested and
exercised, the number of shares sold to satisfy income tax,
national insurance liability and dealing costs and the number of
shares retained:
Number of Number of shares Price at Number
DSBP shares sold to satisfy income which each of shares
vesting tax, national insurance share sold retained
(1) liability and dealing
costs
Ronnie George,
Chief Executive
Officer 44,518 21,535 325 pence 22,983
------------- ------------------------- ------------ -----------
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 award. Ronnie George has sold sufficient
shares to settle the income tax and NI liability due on vesting and
retained the remainder of the shares.
Following the exercise, sale and retention of shares under the
DSBP, the shareholding of the Chief Executive Officer is as
follows:
Total holding of % of issued share
ordinary shares (1) capital
Ronnie George, Chief
Executive Officer 2,670,116 1.35%
--------------------- ------------------
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.
-ends-
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 19 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.
Australasia: Simx, Ventair, Manrose.
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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Ronnie George
-------------------------- ------------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- ------------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Volution Group plc
-------------------------- ------------------------------------------------------
b) LEI 213800EPT84EQCDHO768
-------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated
4 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 exercise of conditional
share award under the Volution Deferred
Share Bonus Plan (DSBP), sale of
shares to fund the income tax, national
insurance and dealing costs and retention
of balance of shares.
-------------------------- ------------------------------------------------------
c) Price(s) and volume(s) DSBP : Price(s) Volume(s)
Acquisition of
shares on exercise
of DSBP 2019
Award. GBPNil 44,518
Sale of shares
to satisfy income
tax, national 325 pence 21,535
insurance and per share
dealing costs.
Retention of
shares. GBPNil 22,983
------------ ----------
-------------------------- ------------------------------------------------------
d) Aggregated information Aggregated volume:
- Aggregated volume Exercise
- Price Volume: 44,518
Price: GBPNil
Sale to cover income tax, national
insurance and dealing costs
Volume: 21,535
Price: 325 pence per share
Retention of shares
Volume: 22,983
Price: GBPNil
-------------------------- ------------------------------------------------------
e) Date of the transaction 17 October 2022
-------------------------- ------------------------------------------------------
f) Place of the transaction Outside a trading venue (exercise
of conditional share award and retention
of shares) and London Stock Exchange,
Main Market (XLON) (sale of shares).
-------------------------- ------------------------------------------------------
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END
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