Volvere PLC Directors' Dealings & Transaction in Own Shares (9470C)
20 Giugno 2019 - 5:34PM
UK Regulatory
TIDMVLE
RNS Number : 9470C
Volvere PLC
20 June 2019
Volvere plc
("Volvere" or the "Company")
Transaction in Own Shares, Related Party Transaction and
Directors' Dealings
Volvere plc (AIM: VLE), the growth and turnaround investment
company, announces that it purchased today 70,319 ordinary shares
of 0.00001 pence each in the capital of the Company ("Ordinary
Shares") at a price of 1215 pence per Ordinary Share as further
detailed below. All of the repurchased shares will be held in
treasury.
Price (pence) Date Quantity Venue
1,215 20/06/2019 70,319 LSE
Following the above transaction, the Company will have 6,207,074
Ordinary Shares in issue and admitted to trading on AIM and will
hold 4,372,892 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 1,834,182.
Directors' Dealings
David Buchler, Chairman of the Company has notified the Company
that he has sold today 84,893 Ordinary Shares at a price of 1215
pence per Ordinary Share. Jonathan Lander and Nicholas Lander, both
directors of the Company, have notified the Company that they have
each acquired today 7,287 Ordinary Shares at a price of 1215 pence
per Ordinary Share.
The interests of the directors in Ordinary Shares before and
after these transactions are set out below:
Director Shareholding % of TVR Shares bought(sold) Shareholding % of TVR
prior to prior to following trade following
trade trade trade
David Buchler 129,893 6.82 (84,893) 45,000 2.45
Jonathan
Lander 232,750 12.22 7,287 240,037 13.09
Nicholas
Lander 124,660 6.55 7,287 131,947 7.19
Related Party Transaction
The purchase of the Ordinary Shares by the Company and the sale
of Ordinary Shares by David Buchler is being treated as a related
party transaction ("Transaction") for the purposes of Rule 13 of
the AIM Rules for Companies. Jonathan Lander and Nicholas Lander,
both directors of the Company independent of the Transaction,
consider, having consulted with the Company's nominated adviser,
Cairn Financial Advisers LLP, that the terms of the Transaction are
fair and reasonable insofar as the Company's shareholders are
concerned.
This announcement is inside information for the purposes of
Article 7 of EU Regulation 596/2014.
For further information contact:
Volvere plc
Jonathan Lander, CEO Tel: + 44 (0) 20 7634 9707
www.volvere.co.uk
Cairn Financial Advisers LLP
Sandy Jamieson/James Lewis Tel: + 44 (0) 20 7213 0880
Hobart Capital Markets LLP
Lee Richardson Tel: + 44 (0) 20 7070 5691
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name a) David Buchler
b) Jonathan Lander
c) Nicholas Lander
--------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status a) Chairman
b) CEO
c) COO
--------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Volvere plc
--------------------------- --------------------------------------------
b) LEI 213800GWXPMU8DUJ9G34
--------------------------- --------------------------------------------
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 Ordinary shares of 0.00001 pence each
financial instrument,
type of instrument
Identification code GB0032302688
b) Nature of the transaction a) Disposal of shares
b) Purchase of shares
c) Purchase of shares
--------------------------- --------------------------------------------
c) Price(s) and volume(s)
----------------------- ---------------
Price(s) Volume(s)
----------------------- ---------------
a) 1215 pence a) 84,893
b) 1215 pence b) 7,287
c) 1215 pence c) 7,287
----------------------- ---------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 20 June 2019
--------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
MSCPGUPWQUPBGAU
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June 20, 2019 11:34 ET (15:34 GMT)
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