Director/PDMR Shareholding
Volution Group plc announced transactions by its Chief Executive Officer, Ronnie George, and Chief Financial Officer, Andy O’Brien, related to their Deferred Share Bonus Plan (DSBP) and Long Term Incentive Plan (LTIP). Ronnie George sold 39,833 shares at £6.50 each, realizing the full value of his vested DSBP award. Andy O’Brien sold 13,136 DSBP shares at £6.50 each and 32,578 LTIP shares at £6.42 each to cover tax liabilities, transferring the remaining shares from both plans to his spouse for nil consideration.
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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 transactions by Ronnie George, Chief Executive Officer, and Andy O’Brien, Chief Financial Officer, in connection with awards under the Company’s Deferred Share Bonus Plan (DSBP) and, in the case of Andy O’Brien, the Company’s Long Term Incentive Plan (LTIP).
Deferred Share Bonus Plan
Awards granted under the DSBP vested following the end of the applicable deferral period. The awards were not subject to performance conditions, and no consideration was payable on vesting or exercise. Ronnie George sold all the shares acquired, and Andy O’Brien sold sufficient shares to satisfy income tax, national insurance liabilities and dealing costs. The following table shows the number of awards that vested and were exercised, and the number of shares sold by Ronnie George and Andy O’Brien on 13 October 2026:
| Number of DSBP shares vesting 1 | Number of shares sold | Price at which each share sold | |
|---|---|---|---|
| Ronnie George, Chief Executive Officer | 39,833 | 39,833 | £6.50 |
| Andy O’Brien, Chief Financial Officer | 27,874 | 13,136 | £6.50 |
Long Term Incentive Plan
Andy O’Brien exercised a nil-cost option under the LTIP on 13 October 2026 in respect of an award granted on 13 October 2021 which vested on 13 October 2024. He sold sufficient shares to satisfy income tax, national insurance liabilities and dealing costs, with the balance subsequently transferred for nil consideration to Rowenna O’Brien, his wife. Details of the LTIP transaction are set out below:
| Name | Number of LTIP shares acquired 2 | Number of shares sold | Number of shares transferred | Price at which each share sold |
|---|---|---|---|---|
| Andy O’Brien, Chief Financial Officer | 69,128 | 32,578 | 36,550 | £6.42 |
Following the DSBP sale, Andy O’Brien transferred the remaining 14,738 shares for nil consideration to Rowenna O’Brien, his spouse, on 14 October 2026. Following the LTIP sale, he transferred the remaining 36,550 shares to Rowenna O’Brien for nil consideration on 14 October 2026.
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.
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 notifications, made pursuant to Article 19(3) of the UK 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 | 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 award. Sale of Shares. £Nil Sale price: £6.50 per share 39,833 39,833 |
| d) | Aggregated information - Aggregated volume - Price | Aggregated volume: Exercise Volume: 39,833 Price: £Nil Sale Volume: 39,833 Sale Price: £6.50 per share |
| e) | Date of the transaction | 13 October 2026 |
| f) | Place of the transaction | Exercise of the conditional share award: Outside a trading venue (XOFF). Sale of shares: London Stock Exchange (XLON). |
| 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 | Exercise of a conditional share award under the Volution Deferred Share Bonus Plan (DSBP), sale of shares to cover tax liabilities and transfer of the remaining shares for nil consideration to Rowenna O’Brien, his spouse. |
| c) | Price(s) and volume(s) | DSBP : Price(s) Volume(s) Acquisition of shares on exercise of DSBP award. Sale of shares. Transfer of remaining shares to Rowenna O’Brien. £Nil £6.50 per share £Nil 27,874 13,136 14,738 |
| d) | Aggregated information - Aggregated volume - Price | Aggregated volume: Exercise Volume: 27,874 Price: £Nil Sale Volume: 13,136 Price: £6.50 per share Transfer Volume: 14,738 Price: £Nil |
| e) | Date of the transaction | 13 October 2026 (exercise and sale) and 14 October 2026 (transfer) |
| f) | Place of the transaction | Exercise and transfer of shares: Outside a trading venue (XOFF). Sale of shares: London Stock Exchange (XLON). |
| 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 | Exercise of a nil-cost option under the Volution Group plc Long Term Incentive Plan (LTIP), sale of shares to satisfy income tax, national insurance liabilities and dealing costs, and transfer of the remaining shares for nil consideration to Rowenna O’Brien, his spouse. |
| 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 liabilities and dealing costs. Transfer of remaining shares to Rowenna O’Brien. £Nil £6.42 per share £Nil 69,128 32,578 36,550 |
| d) | Aggregated information - Aggregated volume - Price | Aggregated volume: Exercise Volume: 69,128 Price: £Nil Sale to cover income tax, national insurance liabilities and dealing costs Volume: 32,578 Price: £6.42 per share Transfer Volume: 36,550 Price: £Nil |
| e) | Date of the transaction | 13 October 2026 (exercise and sale) and 14 October 2026 (transfer) |
| f) | Place of the transaction | Exercise and transfer of shares: Outside a trading venue (XOFF). Sale of shares: London Stock Exchange (XLON). |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Rowenna O’Brien |
| 2 | Reason for the notification | |
| a) | Position/status | Person closely associated with Andy O’Brien, 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 | Acquisition of shares by transfer for nil consideration from Andy O’Brien, a person discharging managerial responsibilities. |
| c) | Price(s) and volume(s) | DSBP and LTIP : Price(s) Volume(s) Acquisition of shares by transfer from Andy O’Brien following the exercise of DSBP and LTIP awards. £Nil 51,288 |
| d) | Aggregated information - Aggregated volume - Price | Aggregated volume: Volume: 51,288 Price: £Nil |
| e) | Date of the transaction | 14 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.