14 October 2024
Volution Group plc
Director Dealing
Volution Group plc ("the Company" or "Volution", LSE: FAN) announces that is has been notified by Ronnie George and Lynsey George that they have sold a total of 2,300,000 ordinary shares in the Company at a price of £5.60 per share. The shares sold represent approximately 1.16% of the Company's issued share capital. Lynsey George is the wife of, and therefore a person closely associated with, Ronnie George.
The sale has been aimed at achieving greater portfolio diversification on the part of Ronnie George. Ronnie George last sold shares in Volution in January 2020.
Ronnie George remains fully committed to Volution in his role as Chief Executive Officer and he and Lynsey George will continue to have an interest of 1,735,514 shares in the Company, representing approximately 0.88% of the Company's issued share capital and comprising issued shares, unexercised but vested LTIP options, and deferred bonus shares.
The Company was not a party to the sale and will not receive any proceeds from the sale.
-ends-
For further information:
| | |
| Volution Group plc |
|
| Fiona Smith, Group Company Secretary | +44 (0) 1293 441501 |
| | |
| Joh. Berenberg, Gossler & Co. KG Matt Armitt Richard Bootle Detlir Elezi
Jefferies International Limited Sam Barnett Thomas Bective Alexander Ind
| +44 (0) 20 3207 7800
+44 (0) 20 7029 8000
|
| FTI Consulting | +44 (0) 203 727 1340 |
| Richard Mountain | |
| Susanne Yule | |
Volution Group plc 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
Cautionary statement regarding forward-looking statements
This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Lynsey George, wife of Ronnie George | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Person Closely Associated with Ronnie George | ||||
| 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 £0.01 each
ISIN: GB00BN3ZZ526 | ||||
| b)
| Nature of the transaction
| Disposal of shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume - Price | n/a (single transaction)
| ||||
| e)
| Date of the transaction
| 11 October 2024 | ||||
| f)
| Place of the transaction
| London Stock Exchange | ||||
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