Volution Group PLC

Remuneration Information • Oct 16, 2024

National Storage Mechanism | Additional information

RNS Number : 4972I

Volution Group plc

16 October 2024

16 October 2024

Volution Group plc

Vesting and Exercise of Share Awards under the Company's

Long Term Incentive Plan and 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 the award granted under the Company's Deferred Share Bonus Plan (DSBP) on 13 October 2021 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 by Andy O'Brien on 15 October 2024 to satisfy income tax, national insurance liability and dealing costs, and the number of shares retained:  

	Number of DSBP shares vesting 1	Number of shares sold to satisfy income tax, national insurance liability and dealing costs	Price at which each share sold	Number of shares retained
Ronnie George, Chief Executive Officer	39,444	Nil	n/a	39,444
Andy O'Brien, Chief Financial Officer	27,602	13,006	£6.11	14,596

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. Andy O'Brien has sold sufficient shares to settle the income tax and NI liability due on vesting and retained the remainder of the shares.

On 15 October 2024, Andy O'Brien also 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 Date	Number of Shares Acquired 1	Number of shares sold to satisfy income tax, national insurance liability and dealing costs	Price per Share	Number of Shares Retained
Andy O'Brien, Chief Financial Officer	15 October 2019	214,910	101,261	£6.18	113,649

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.

The attached notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides 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

Vesting and exercise of conditional share award under the Volution Deferred Share Bonus Plan (DSBP).

c)

Price(s) and volume(s)

DSBP :

	Price(s)	Volume(s)
Acquisition of shares on exercise of DSBP 2021 Award.	£Nil	39,444

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:

Exercise

Volume: 39,444

Price: £Nil

e)

Date of the transaction

15 October 2024

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).

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andy O'Brien

2

Reason for the notification 

a)

Position/status

Chief Financial 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 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 2021 Award. Sale of shares to satisfy income tax, national insurance and dealing costs. Retention of shares.	£Nil £6.11 £Nil	27,602 13,006 14,596

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:

Exercise

Volume: 27,602

Price: £Nil

Sale to cover income tax, national insurance and dealing costs

Volume: 13,006

Price:  £6.11 per share

Retention of shares

Volume: 14,596

Price:  £Nil

e)

Date of the transaction

15 October 2024

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).

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andy O'Brien

2

Reason for the notification 

a)

Position/status

Chief Financial 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 exercise of LTIP options under the Volution Long Term Incentive Plan, 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)

	Price(s)	Volume(s)
Acquisition of shares on exercise of LTIP 2019 Award. Sale of shares to satisfy income tax, national insurance and dealing costs. Retention of shares.	£Nil £6.18 £Nil	214,910 101,261 113,649

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:

Exercise

Volume: 214,910

Price: £Nil

Sale to cover income tax, national insurance and dealing costs

Volume: 101,261

Price:  £6.18 per share

Retention of shares

Volume: 113,649

Price:  £Nil

e)

Date of the transaction

15 October 2024

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).

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