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    FAN   GB00BN3ZZ526

VOLUTION GROUP PLC

(FAN)
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Volution : 07.10.2021Board changes

10/07/2021 | 02:17am EST

Volution Group plc (the "Company", the "Group" or "Volution", LSE: FAN) a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces the following changes to the Board as set out in the Announcement of Preliminary Results 2021 this morning, in accordance with Listing Rule 9.6.11:

  • Tony Reading will be retiring as a Non-Executive Director and as Senior Independent Director with effect from the conclusion of the Annual General Meeting on Thursday 9 December 2021. A search process, which has commenced, will focus on diversity, to better reflect our customer base and the wider population in our markets. Once the Board has approved the appointment of a new independent Non-Executive Director, an announcement will be made to the London Stock Exchange; and
  • Amanda Mellor, independent Non-Executive Director, will be appointed as Senior Independent Director with effect from the conclusion of the Annual General Meeting on Thursday 9 December 2021. Amanda has been a Board member since March 2018 and has also been appointed as the Board representative for ESG matters and attends the Management Sustainability Committee.

Paul Hollingworth, Chairman of the Board, said:

"On behalf of the Board, I would like to thank Tony for his invaluable contribution to Board discussions over the past seven years. The Board has greatly appreciated his depth of knowledge and experience on Board matters and he has provided wise counsel to me personally in his capacity as Senior Independent Director. I would like to wish Tony all the very best for the future. I also look forward to working with Amanda in her new role as Senior Independent Director."

-ends-

For further information:

Volution Group plc

Ronnie George, Chief Executive Officer

+44 (0) 1293 441501

Andy O'Brien, Chief Financial Officer

+44 (0) 1293 441536

Tulchan Communications

+44 (0) 207 353 4200

James Macey White

Victoria Boxall

Legal Entity Identifier: 213800EPT84EQCDHO768.

Note to Editors:

Volution Group plc (LSE: FAN) is a leading international designer and manufacturer of energy efficient indoor air quality solutions. Volution Group comprises 19 key brands across three regions:

UK: Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Torin-Sifan.

Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation.

Australasia: Simx, Ventair, Manrose.

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

Disclaimer

Volution Group plc published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 06:16:08 UTC.


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Financials
Sales 2022 302 M 404 M 404 M
Net income 2022 28,3 M 37,9 M 37,9 M
Net Debt 2022 64,2 M 86,0 M 86,0 M
P/E ratio 2022 34,0x
Yield 2022 1,41%
Capitalization 965 M 1 295 M 1 292 M
EV / Sales 2022 3,41x
EV / Sales 2023 3,15x
Nbr of Employees 1 555
Free-Float 97,2%
Chart VOLUTION GROUP PLC
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Technical analysis trends VOLUTION GROUP PLC
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 7
Last Close Price 487,00 GBX
Average target price 555,00 GBX
Spread / Average Target 14,0%
EPS Revisions
Managers and Directors
Ronald Arthur George Chief Executive Officer & Executive Director
Andrew O'Brien Chief Financial Officer & Executive Director
Paul Robert Hollingworth Non-Executive Chairman
Claire Tiney Independent Non-Executive Director
Amanda Jane Mellor Senior Independent Non-Executive Director
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