Director dealings: Volution CEO lowers stake
By Iain Gilbert
Date: Monday 14 Oct 2024
(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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