24th Jan 2020 09:00
(Alliance News) - Volution Group PLC on Friday said Chief Executive Ronnie George and his wife Lynsey George intend sell GBP7.0 million worth of shares.
George and his wife will sell up to 3.1 million shares at 230 pence each.
Shares in the ventilation products supplier were down 1.3% at 235.00p each on Friday morning in London.
The shares to be sold represent around 1.5% of the company's issued share capital. Following the sale, George will have a total shareholding of around 3 million shares, reflecting 1.5% of Volution's voting rights.
He has agreed not to sell any more shares in the next 12 months.
By Ife Taiwo; [email protected]
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