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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 DSBP shares vesting 1

New total shareholding 2

Shareholding as a % of voting 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                         +44 (0) 1293 441562

 

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 /Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 1 pence each

 

 

ISIN: GB00BN3ZZ526

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)

£NIL

4,410

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

DSBP: 4,410 ordinary shares at £NIL

 

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 rns@lseg.com or visit www.rns.com.
 
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