Director/PDMR Shareholding
Volution Group plc announced the vesting, exercise, and sale of share awards under its Deferred Share Bonus Plan (DSBP) on October 14, 2025. The share award, granted on October 12, 2022, vested after a three-year deferral period with no performance conditions attached and no consideration paid. Ronnie George, Chief Executive Officer, vested 41,444 shares and sold all of them at a price of £6.56 per share. Andy O'Brien, Chief Financial Officer, vested 29,001 shares and sold all of them at £6.56 per share. The vesting included dividend equivalent shares for the period between the grant and vesting, added according to the DSBP rules.
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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 12 October 2022 has 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 and the number of shares sold by Ronnie George and Andy O'Brien on 14 October 2025:
| Number of DSBP shares vesting 1 | Number of shares sold | Price at which each share sold | |
|---|---|---|---|
| Ronnie George, Chief Executive Officer | 41,444 | 41,444 | £6.56 |
| Andy O'Brien, Chief Financial Officer | 29,001 | 29,001 | £6.56 |
- 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.
The attached notifications, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details.
| 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 |
| a) | Name | Volution Group plc |
| b) | LEI | 213800EPT84EQCDHO768 |
| 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, exercise and sale 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 2022 Award. Sale of Shares. £Nil Sale price: £6.56 per share 41,444 41,444 |
| d) | Aggregated information - Aggregated volume - Price | Aggregated volume: Exercise Volume: 41,444 Price: £Nil Sale Volume: 41,444 Sale Price: £6.56 per share |
| e) | Date of the transaction | 14 October 2025 |
| 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 |
| a) | Name | Volution Group plc |
| b) | LEI | 213800EPT84EQCDHO768 |
| 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, exercise and sale 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 2022 Award. Sale of Shares. £Nil Sale price: £6.56 per share 29,001 29,001 |
| d) | Aggregated information - Aggregated volume - Price | Aggregated volume: Exercise Volume: 29,001 Price: £Nil Sale Volume: 29,001 Price: £6.56 per share |
| e) | Date of the transaction | 14 October 2025 |
| 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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