Volution Group (FAN)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

 234.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 257.00p
  • 52 Week Low: 150.00p
  • Currency: UK Pounds
  • Shares Issued: 198.12m
  • Volume: 32,817
  • Market Cap: £463.61m
  • RiskGrade: 270

Peter Hill stepping down as chairman at Volution

By Josh White

Date: Friday 10 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Residential and commercial construction ventilation products supplier Volution Group announced on Friday that Peter Hill would retire as its non-executive chairman and as a non-executive director on 31 March.
The London-listed firm said Paul Hollingworth, a non-executive director and chairman of the audit committee, had been appointed to succeed Hill as chairman from that date.

Its board said it had started the search process for a non-executive director, who would succeed Hollingworth as chairman of the audit committee.

Volution noted that Peter Hill oversaw its successful initial public offering in June 2014, and became non-executive chairman at listing.

He would retire at the end of March, having completed almost six years as chairman, to focus on his non-executive chairmanships of Keller Group and Petra Diamonds.

said:

"It has been a privilege to serve as chairman of the Volution boardm and I am very proud of the development of the group since IPO, which has been transformed into the geographically diverse and very successful business it is today, with adjusted earnings per share growth of 13% per annum compound in the first five years after listing," said Peter Hill.

"I look forward to seeing Volution go from strength to strength under Paul as chairman."

Paul Hollingworth had served on the Volution board since IPO in 2014, and was currently the chairman of the audit committee and a member of the remuneration and nomination committees.

The board said he had "significant" business experience, having previously headed the finance function and served on the boards of a number of UK-listed public companies, including Ransomes, De La Rue, BPB, Mondi Group and Thomas Cook Group.

Hollingworth retired from the Electrocomponents board in July 2017, having served as a non-executive director and chairman of the audit committee there for nine years.

"On behalf of the board, I would like to thank Peter for his strong leadership and the contribution he has made as chairman," said Paul Hollingworth.

"I am very proud to have been asked to succeed Peter and I look forward to working with the board to support Volution's continued development."

Paul Hollingworth would step down as chairman of the audit committee when he is appointed chairman of the board on 31 March, the company confirmed, and he would also be appointed as chairman of the nomination committee on that date.

He would remain as a member of the remuneration committee.

At 1526 GMT, shares in Volution Group were down 1.28% at 232p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Volution Group Market Data

Currency UK Pounds
Share Price 234.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 257.00p
52 Week Low 150.00p
Volume 32,817
Shares Issued 198.12m
Market Cap £463.61m
RiskGrade 270

Volution Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63% below the market average63% below the market average63% below the market average63% below the market average63% below the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average
Price Trend
75.23% above the market average75.23% above the market average75.23% above the market average75.23% above the market average75.23% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
23.87% below the market average23.87% below the market average23.87% below the market average23.87% below the market average23.87% below the market average
61.29% below the sector average61.29% below the sector average61.29% below the sector average61.29% below the sector average61.29% below the sector average
Growth
31.86% above the market average31.86% above the market average31.86% above the market average31.86% above the market average31.86% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Volution Group Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Nov-19 28-Mar-19
Paid 18-Dec-19 03-May-19
Amount 3.30p 1.60p

Trades for 17-Feb-2020

Time Volume / Share Price
16:35 2,524 @ 234.00p
16:29 244 @ 236.00p
16:29 205 @ 236.00p
16:29 453 @ 236.00p
16:28 134 @ 234.00p

Volution Group Key Personnel

CEO Ronnie George
CFO Andy O'Brien

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