Volution Group plcLSE: FAN

Volution Group: LTIP and DSBP Awards dsh

· Issued by Volution Group plc via RNS

Summary by 6ix AI

Volution Group plc, a designer and manufacturer of indoor air quality products, granted share awards on October 14, 2026 to Chief Executive Officer Ronnie George and Chief Financial Officer Andy O’Brien under its 2023 Long Term Incentive Plan and 2023 Deferred Share Bonus Plan.

Key details

  • Long Term Incentive Plan awards, granted as nil-cost options (rights to receive shares for no payment): 176,112 for Ronnie George and 106,353 for Andy O’Brien. These are the maximum numbers that could vest, and they can be exercised at the earliest 5 years from grant.
  • The number of incentive plan awards was calculated using £6.5583 per ordinary share, the average mid-market closing price on the three business days before the grant date. No consideration was paid for the awards.
  • Deferred Share Bonus Plan awards, made as conditional share awards: 45,743 for Ronnie George and 31,334 for Andy O’Brien. Under the Annual Bonus Plan for the financial year ended July 31, 2026, one third of any bonus earned by the executive directors is normally deferred into shares.
  • No consideration was paid for the deferred bonus awards, and none is payable when they vest. All awards were granted outside a trading venue.

What’s still pending

  • The incentive plan awards vest only if targets are met over three years on earnings per share growth, total shareholder return relative to others and ESG (environmental, social and governance) measures. A two-year holding period follows before they can be exercised.
  • Full details of the performance targets will be included in the Directors' Remuneration Report for the financial year ended July 31, 2026.
  • The deferred bonus awards have a normal vesting date of October 14, 2029, subject to the plan's rules.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/ltip-and-dsbp-awards-dsh

Watch Volution's latest callVolution Group (LSE:FAN) Q4 2026 Earnings Call · Replay · Oct 8Read the transcript of Volution Group (LSE:FAN) Q4 2026 Earnings Call
Volution Group plc
15 October 2026
 

                                                                                          

15 October 2026

Volution Group plc

Awards under Long Term Incentive Plan (LTIP) and Deferred Share Bonus Plan (DSBP)

Volution Group plc (“Volution” or the “Company”, LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, today announces that on 14 October 2026 the Executive Directors were granted awards under the Company’s 2023 Long Term Incentive Plan (“LTIP awards”) and 2023 Deferred Share Bonus Plan (“DSBP awards”) as set out below:

Long Term Incentive Plan

Executive Director

Type of LTIP Award

Number of LTIP awards

Earliest Exercise Date

Ronnie George,

Chief Executive Officer

Nil-cost option 1

176,112

5 years from grant 2

Andy O’Brien,

Chief Financial Officer

Nil-cost option 1

106,353

5 years from grant 2

Notes:

  1. Subject to performance criteria as set out below.
  2. In accordance with the Volution Remuneration Policy, these LTIP awards are subject to a three-year vesting period followed by an additional two-year holding period before they can be exercised.  

The LTIP awards set out above are subject to performance criteria and will vest subject to the achievement of performance against Earnings per Share growth targets, relative Total Shareholder Return and ESG performance measures, all measured over a three-year performance period. Full details of the performance criteria will be included in Volution's Directors' Remuneration Report for the financial year ended 31 July 2026.

The price used to calculate the number of LTIP awards was £6.5583 per ordinary share, being the average of the mid-market closing price of a Volution ordinary share on the three consecutive business days immediately preceding the date of grant. No consideration was paid for the LTIP awards. The LTIP awards shown above represent the maximum number of nil-cost options which could vest.  

Deferred Share Bonus Plan

DSBP award

Ronnie George, Chief Executive Officer

45,743

Andy O’Brien, Chief Financial Officer

31,334

As set out in the Volution Remuneration Policy, under the Company’s Annual Bonus Plan for the financial year ended 31 July 2026, one third of any bonus payment earned by the Executive Directors will normally be deferred into awards over the Company’s shares.

The DSBP awards set out above were made in the form of conditional awards, which will, subject to the rules of the DSBP, have a normal vesting date of 14 October 2029. No consideration was paid for the DSBP awards and no consideration is due to be payable on vesting.

The attached notifications, made pursuant to Article 19(3) of the UK Market Abuse Regulation, provide further details.

-ends-

Enquiries:

Volution Group plc

Fiona Smith, Company Secretary                             

Legal Entity Identifier: 213800EPT84EQCDHO768

For more information, please go to: www.volutiongroupplc.com

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

 Ronnie George

2

Reason for the notification  

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Volution Group plc

b)

LEI

213800EPT84EQCDHO768

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

Identification code

Ordinary shares of 1 pence each

ISIN: GB00BN3ZZ526

b)

Nature of the transaction

Grant of nil-cost options under the Volution Long Term Incentive Plan (LTIP).

Grant of conditional awards under the Volution Deferred Share Bonus Plan (DSBP).

c)

Price(s) and volume(s)

LTIP:

Price(s)

Volume(s)

£NIL

176,112

DSBP:

Price(s)

Volume(s)

£NIL

45,743

d)

Aggregated information

- Aggregated volume

- Price

LTIP: 176,112 ordinary shares at £NIL

DSBP: 45,743 ordinary shares at £NIL

e)

Date of the transaction

14 October 2026

f)

Place of the transaction

Outside a trading venue

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

 Andy O’Brien

2

Reason for the notification  

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Volution Group plc

b)

LEI

213800EPT84EQCDHO768

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

Identification code

Ordinary shares of 1 pence each

ISIN: GB00BN3ZZ526

b)

Nature of the transaction

Grant of nil-cost options under the Volution Long Term Incentive Plan (LTIP).

Grant of conditional awards under the Volution Deferred Share Bonus Plan (DSBP).

c)

Price(s) and volume(s)

LTIP:

Price(s)

Volume(s)

£NIL

106,353

DSBP

Price(s)

Volume(s)

£NIL

31,334

d)

Aggregated information

- Aggregated volume

- Price

LTIP: 106,353 ordinary shares at £NIL

DSBP: 31,334 ordinary shares at £NIL

e)

Date of the transaction

14 October 2026

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Volution Group plc on 6ix

Story so far

Earlier from Volution

All Volution news releases