Volution Group plc Director/PDMR Shareholding (5351O)

TIDMFAN

RNS Number : 5351O

Volution Group plc

07 November 2016

7 November 2016

Volution Group plc

Director Shareholding

Volution Group plc (the "Company", LSE: FAN) a leading supplier of ventilation products to the residential and commercial construction markets, announces today that on 7 November 2016 it received notification that Tony Reading, Senior Independent Non-Executive Director of the Company, purchased 10,000 ordinary shares of 1 pence each at a price of 145.94 pence per share on 7 November 2016. The transaction took place in London.

As a result of this notification, Tony Reading has a beneficial shareholding in the Company of 70,000 ordinary shares, which represents 0.035% of the Company's issued share 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                        Tony Reading 
---  -------------------------  -------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
---  -------------------------  -------------------------------------- 
 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                        n/a 
---  -------------------------  -------------------------------------- 
 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             Ordinary shares of 1 pence 
       the financial              each 
       instrument, type 
       of instrument 
                                  ISIN: GB00BN3ZZ526 
       Identification 
       code 
---  -------------------------  -------------------------------------- 
 b)   Nature of the              Purchase of ordinary shares 
       transaction 
---  -------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)      Price(s)        Volume(s) 
                                  --------------  ---------- 
                                   145.94 pence 
                                    per share      10,000 
                                  --------------  ---------- 
---  -------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume         Not applicable, single transaction. 
       - Price 
---  -------------------------  -------------------------------------- 
 e)   Date of the transaction    7 November 2016 
---  -------------------------  -------------------------------------- 
 f)   Place of the transaction   London Stock Exchange, Main 
                                  Market (XLON) 
---  -------------------------  -------------------------------------- 
 

- ends -

Enquiries:

Volution Group plc

   Michael Anscombe, Company Secretary                               [phone] 

Notes to Editors:

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

The Group sold approximately 22 million ventilation products and accessories in the twelve months ended 31 July 2016. The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin-Sifan) division. The Ventilation Group consists of 11 key brands - Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Fresh, PAX, Welair, inVENTer, Brüggemann and Ventilair, focused primarily on the UK, Nordic and central European 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: http://www.volutiongroupplc.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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November 07, 2016 11:12 ET (16:12 GMT)