Director dealings: Volution CEO lowers stake

14th 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