Volution Group plc Director/PDMR Shareholding (3770T)
25 March 2021 - 1:04AM
UK Regulatory
TIDMFAN
RNS Number : 3770T
Volution Group plc
24 March 2021
Wednesday 24 March 2021
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 23 March 2021, the
award granted under the Company's Deferred Share Bonus Plan (DSBP)
on 23 March 2018 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 sets out the share award which has vested,
the total shareholding following transfer of the share award from
the Volution Employee Benefit Trust to the Director and the
shareholding as a percentage of 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 28,252 2,625,459 1.33%
------------- -------------- ------------------
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 award. Ronnie George has retained all
vested shares and settled the income tax and NI liability due on
vesting from his own funds.
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 international
designer and manufacturer of energy efficient indoor air quality
solutions. Volution Group comprises 17 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,
inVENTer, Ventilair, ClimaRad.
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
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 28,252
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume DSBP: 28,252 ordinary shares at GBPNIL
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 23 March 2021
-------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------
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END
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