Business
Result of Buy-back, PDMR Dealing and TVR
Result of Buy-back, PDMR Dealing and TVR.
About this update from Volvere Plc
[{"type":"text","content":"\n \nRNS Number : 7132F Volvere PLC 30 October 2018 \n\nVolvere plc\n(\"Volvere\" or the \"Company\")\nResult of Buy-back, PDMR Dealing and Total Voting Rights\nVolvere is pleased to announce that further to its announcement of 25 October 2018, the Buy-back was fully taken up. The Company has repurchased into treasury 550,254 ordinary shares of 0.00001 pence in the capital of the Company (\"Ordinary Shares\") at a purchase price of 1102 pence per Ordinary Share, returning approximately £6.06 million to shareholders in accordance with the approval granted by shareholders at the general meeting of the Company held on 25 June 2018. \n \nDirectors' Dealings and Related Party Transactions\nAs previously indicated, Jonathan Lander, CEO, and Nicholas Lander, COO, participated in the Buy-back, selling in aggregate 487,419 Ordinary Shares at a price of 1102 pence per Ordinary Share, as detailed below:\n \n\n\n\nDirector\n\n\nShareholding prior to Buy-back\n\n\n% of TVR prior to Buy-back\n\n\nShares sold in Buy-back\n\n\nShareholding following Buy-back\n\n\n% of TVR following Buy-Back\n\n\n\n\nJonathan Lander\n\n\n921,310\n\n\n25.12%\n\n\n317,414\n\n\n603,896\n\n\n19.37%\n\n\n\n\nNicholas Lander\n\n\n493,449\n\n\n13.45%\n\n\n170,005\n\n\n323,444\n\n\n10.37%\n\n\n\n\nTotal\n\n\n1,414,759\n\n\n38.57%\n\n\n487,419\n\n\n927,340\n\n\n29.74%\n\n\n\n \nDavid 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 and Nicholas Lander in the Buy-back are fair and reasonable insofar as the Company's shareholders are concerned.\n \nTotal Voting Rights\nFollowing completion of the Buy-back, the Company has 6,207,074 Ordinary Shares in issue and admitted to trading on AIM and will hold 3,088,965 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 3,118,109 Ordinary Shares.\n \nCapitalised terms not otherwise defined in this announcement shall have the meaning given to them in the announcement of 25 October 2018.\n \n \nFor further information, contact:\n\n\n\nVolvere plc\nDavid Buchler, Non-executive Chairman \nJonathan Lander, CEO\nNick La...