REG - Velocity Composites - Director/PDMR Shareholding

Velocity CompositesAnnouncement

16/10/2019 07:05

RNS Number : 9993P
Velocity Composites PLC
16 October 2019
 


16 October 2019
 
Velocity Composites plc 
(the "Company")
 
Director/PDMR Shareholding
 
Velocity Composites plc, the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, has been informed that Andy Beaden, non-executive Chairman of the Company, purchased 50,000 ordinary shares of 0.25 pence each ("Ordinary Shares") on 15 October 2019 at an average price of 18.49 pence per Ordinary Share.
Mr. Beaden had no previous shareholding in the Company.  Consequently, he now has a beneficial interest in 50,000 Ordinary Shares representing approximately 0.14% of the issued share capital of the Company. 
Enquiries
 




Velocity
Jon Bridges, CEO
 
 


01282 577 577




Cenkos Securities plc
(Nominated Adviser)
Russell Cook
Ben Jeynes
 
 


020 7397 8900
 




Camarco
(Financial PR)
Ed Gascoigne Pees
Georgia Edmonds
James Crothers
 


020 3757 4980




 
 
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)




£0.1900

£0.1899

£0.1894

£0.1800


5,000

10,000

10,000

25,000




d)


Aggregated information


N/A single transaction




 


Aggregated volume


N/A single transaction




 


Price


N/A single transaction




e)


Date of the transaction


15 October 2019




f)


Place of the transaction


London Stock Exchange (XLON)




 
 




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