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Director dealings: Volution CEO lowers stake

Mon 14 Oct 2024 15:28

(Sharecast News) - Volution revealed on Monday that chief executive Ronnie George and his wife Lynsey had disposed of 2.3m ordinary shares in the ventilation equipment manufacturer.

George, who took over as CEO in May 2014, sold the shares on Friday at an average price of 560.0p each, for a total value of £12.87m.

Following the transaction, the Georges still hold a beneficial interest in 1.73m ordinary Volution shares, representing approximately 0.88% of the company's issued share capital.

As of 1620 BST, Volution shares were down 0.50% at 602.0p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Blackrock Frontiers Investment Trust (BRFI) Director name: Dowidar, Hatem Amount purchased: 24,750 @ 147.00p Value: £36,382.50

Bisichi (BISI) Director name: Parish,Clement Robin Amount purchased: 5,000 @ 123.00p Value: £6,150.00

Admiral Group (ADM) Director name: Brierley,Michael Amount purchased: 91 @ 2,736.00p Value: £2,489.76

Top Director Sells

Volution Group (FAN) Director name: George,Ronnie Amount sold: 2,300,000 @ 560.00p Value: £12,879,999.78

Supreme (SUP) Director name: Chadha,Sandeep Amount sold: 600,000 @ 160.00p Value: £960,000.01

Netcall (NET) Director name: Bang,Henrik Amount sold: 160,000 @ 90.00p Value: £144,000.00

Abrdn Property Income Trust Limited (API) Director name: May,Jill Amount sold: 128,592 @ 61.00p Value: £78,441.12

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