Volution Group plc Director/PDMR Shareholding (4533Q)

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                         [phone] 

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 [e-mail] or visit www.rns.com.

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October 18, 2019 12:32 ET (16:32 GMT)