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RNS Number : 5666J Velocity Composites PLC 08 April 2024
8 April 2024
Velocity Composites plc
("Velocity" or the "Company")
Director PDMR Shareholding
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced
composite material kits to the aerospace market, announces that on 5 April
2024, Andrew Beaden, Chairman, purchased 12,500 ordinary shares of 0.25p each
in the Company ("Ordinary Shares") at 30.684 pence per Ordinary Share into his
SIPP.
Following this purchase, Mr Beaden holds a beneficial interest in 580,975
Ordinary Shares representing approximately 1.09 per cent. of the Company's
issued share capital.
The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further details.
Enquiries:
Velocity Composites plc +44 (0) 1282 577577
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer
Andrew Hebb, Interim Chief Financial Officer
Cavendish Capital Markets Limited +44 (0) 20 7220 0500
Nominated Adviser and Joint Broker
Katy Birkin
Ben Jeynes
George Lawson
Dowgate Capital Limited +44 (0) 20 3903 7715
Joint Broker
Russell Cook
Nick Chambers
SEC Newgate +44 (0)7540 106 366
Financial Communications velocity@secnewgate.co.uk
Robin Tozer
George Esmond
Harry Handyside
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Michael Beaden
2 Reason for the notification
a) Position/status Non-executive Chairman
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Velocity Composites plc
b) LEI 213800W4W46J8HGZP672
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 financial instrument, type of instrument Ordinary shares of 0.25p each
Identification code GB00BF339H01
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volumes(s) Price(s) Volume(s)
£0.30684 12,500
d) Aggregated information N/A single transaction
Aggregated volume N/A single transaction
Price N/A single transaction
e) Date of the transaction 5 April 2024
f) Place of the transaction AIMX
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