REG - Velocity Composites - Appointment of Dowgate Capital as Joint Broker

Velocity CompositesAnnouncement

13/02/2024 07:00

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RNS Number : 8865C  Velocity Composites PLC  13 February 2024

13 February 2024

 

 

Velocity Composites plc

("Velocity" or the "Company")

 

Appointment of Dowgate Capital as Joint Broker

 

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced
composite material kits to the aerospace market, is pleased to announce the
appointment of Dowgate Capital Limited as the Company's Joint Broker with
immediate effect.

 

 

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

 

 

About Velocity Composites plc

Based in Burnley, UK, Velocity is the leading supplier of composite material
kits to aerospace and other high-performance manufacturers, that reduce costs
and improve sustainability.  Customers include Airbus, Boeing, and GKN.

 

By using Velocity's proprietary technology, manufacturers can also free up
internal resources to focus on their core business.  Velocity has significant
potential for expansion, both in the UK and abroad, including into new market
areas, such as wind energy, urban air mobility and electric vehicles, where
the demand for composites is expected to grow.

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