VOLVERE PLC

Transaction in Own Shares • Oct 13, 2017

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RNS Number : 5977T

Volvere PLC

13 October 2017

Volvere plc

("Volvere" or the "Company")

Result of Buy-back, PDMR Dealing and Total Voting Rights

Volvere plc, the growth and turnaround investment company, is pleased to announce that further to the announcement of 11 October 2017, the Buy-back was fully taken up. The Company has repurchased into treasury 407,595 ordinary shares of 0.00001 pence in the capital of the Company ("Ordinary Shares") at a purchase price of 835 pence per Ordinary Share, returning approximately £3.4 million to shareholders in accordance with the approval granted by shareholders at the general meeting of the Company held on 19 November 2012.

Directors' Dealings and Related Party Transactions

As previously indicated, Jonathan Lander, CEO, and Nicholas Lander, COO, participated in the Buy-back, selling in aggregate 157,195 Ordinary Shares at a price of 835 pence per Ordinary Share, as detailed below:

Director	Shareholding prior to Buy-back	% of TVR prior to Buy-back	Shares sold in Buy-back	Shareholding following Buy-back	% of TVR following Buy-Back
Jonathan Lander	1,023,677	25.12%	102,367	921,310	25.12%
Nicholas Lander	548,277	13.45%	54,828	493,449	13.45%
Total	1,571,954	38.57%	157,195	1,414,759	38.57%

In addition, Andrew Cohen, a substantial shareholder and director of a subsidiary of the Company, also participated in the Buy-back, selling 231,689 Ordinary Shares at a price of 835 pence per Ordinary Share.

David Buchler, the sole independent director, considers, having consulted with the Company's nominated adviser, N+1 Singer, that the terms of the participation of each of Jonathan Lander, Nicholas Lander and Andrew Cohen in the Buy-back are fair and reasonable insofar as the Company's shareholders are concerned.

Total Voting Rights

Following completion of the Buy-back, the Company has 6,207,074 Ordinary Shares in issue and admitted to trading on AIM and will hold 2,538,711 Ordinary Shares in treasury. The number of shares in issue (excluding treasury shares), and the figure to be used as the denominator for calculations of interests in the Company's voting rights, is 3,668,363 Ordinary Shares.

Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the announcement of 11 October 2017.

For further information, contact:

Volvere plc David Buchler, Non-executive Chairman Jonathan Lander, CEO Nick Lander, COO	Tel: +44 20 7634 9707
N+1 Singer (Nominated Adviser and Broker) Aubrey Powell Liz Yong James Hopton	Tel: + 44 20 7496 3000

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	Jonathan Lander
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volvere plc
b)	LEI	213800GWXPMU8DUJ9G34
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	Ordinary shares of 0.00001 pence each
Identification code	GB0032302688
b)	Nature of the transaction	Sale of Ordinary Shares via Buy-back
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		(i)         835 pence (ii)        835 pence	(i)         18,367 (ii)        84,000
d)	Aggregated information
- Aggregated volume	102,367 Ordinary Shares
- Price	835 pence
e)	Date of the transaction	13 October 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholas Lander
2	Reason for the notification
a)	Position/status	COO
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volvere plc
b)	LEI	213800GWXPMU8DUJ9G34
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	Ordinary shares of 0.00001 pence each
Identification code	GB0032302688
b)	Nature of the transaction	Sale of Ordinary Shares via Buy-back
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		835 pence	54,828
d)	Aggregated information
- Aggregated volume	N/A
- Price
e)	Date of the transaction	13 October 2017
f)	Place of the transaction	London Stock Exchange (XLON)

This information is provided by RNS

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