TIDMFAN
RNS Number : 5783P
Volution Group plc
19 October 2021
Tuesday 19(th) October 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 17(th) October
2021, the award granted under the Company's Deferred Share Bonus
Plan (DSBP) on 17(th) October 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 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 40,986 19,312 500 pence 21,674
------------- ------------------------- ------------ -----------
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 2,647,133 1.34%
--------------------- ------------------
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
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 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
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 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 2018
Award. GBPNil 40,986
Sale of shares
to satisfy income
tax, national 500 pence 19,312
insurance and per share
dealing costs.
Retention of
shares. GBPNil 21,674
------------ ----------
-------------------------- ------------------------------------------------------
d) Aggregated information Aggregated volume:
- Aggregated volume Exercise
- Price Volume: 40,986
Price: GBPNil
Sale to cover income tax, national
insurance and dealing costs
Volume: 19,312
Price: 500 pence per share
Retention of shares
Volume: 21,674
Price: GBPNil
-------------------------- ------------------------------------------------------
e) Date of the transaction 18 October 2021
-------------------------- ------------------------------------------------------
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).
-------------------------- ------------------------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFEEIFLALIL
(END) Dow Jones Newswires
October 19, 2021 11:54 ET (15:54 GMT)
Volution (LSE:FAN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Volution (LSE:FAN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
