RNS Number : 6011T
Volution Group plc
15 November 2023

Adobe Systems

15 November 2023

Volution Group plc

Exercise of Awards under the Volution Group plc Long Term Incentive Plan ("LTIP")

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 14 November 2023 Ronnie George, Chief Executive Officer, exercised the following LTIP options and sold sufficient shares to satisfy income tax, national insurance liability and dealing costs, with the balance being retained:

Name

LTIP Grant Dates

Number of Shares Acquired1

Number of shares Sold

Number of Shares Retained

Price per Share

Ronnie George

17 October 2018

306,642

144,480

162,162

£4.0972

1. In accordance with the rules of the LTIP, additional shares equal in value to dividends paid during the period between grant and vesting were added to the vested share award.

Following the transactions set out above, the shareholding of the Chief Executive Officer is as follows:

Total holding of ordinary shares 1

% of issued share capital

Ronnie George, Chief Executive Officer

3,089,113

1.56%

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

Fiona Smith, Company Secretary

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 22 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, VMI, I-Vent.

Australasia: Simx, Ventair, Manrose, DVS.

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

Exercise of nil-cost options under the Long Term Incentive Plan (LTIP), sale of shares to fund income tax, national insurance and dealing costs arising and retention of balance of shares.

c)

Price(s) and volume(s)

LTIP:


Price(s)

Volume(s)

Acquisition of shares on exercise of LTIP Award.

Sale of shares to satisfy income tax, national insurance and dealing costs.

Retention of shares.

£Nil

£4.0972 per share

£Nil

306,642

144,480

162,162

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:

Exercise

Volume: 306,642

Price: £Nil

Sale to cover income tax, national insurance and dealing costs

Volume: 144,480

Price: £4.0972 per share

Retention of shares

Volume: 162,162

Price: £Nil

e)

Date of the transaction

14 November 2023

f)

Place of the transaction

Outside a trading venue (exercise of LTIP and retention of shares) and London Stock Exchange, Main Market (XLON) (sale of shares).

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