REG - Velocity Composites - Director/PDMR Shareholding

Velocity CompositesAnnouncement

07/04/2022 07:00

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RNS Number : 5439H  Velocity Composites PLC  07 April 2022

7 April 2022

 

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, has been notified that on 6
April 2022, Andy Beaden, Non-executive Chairman of the Company, purchased
60,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an
average price of 17.27 pence per Ordinary Share.

 

Following these purchases, Mr Beaden has a beneficial interest in 568,475
Ordinary Shares representing approximately 1.56% of the issued share capital
of the Company.

 

Enquiries:

 

 Velocity Composites plc                +44 (0) 1282 577577

 Andy Beaden, Chairman

 Jon Bridges, Chief Executive Officer

 Cenkos Securities plc                  +44 (0) 20 7397 4000

 Nominated Adviser and Broker

 Katy Birkin

 Ben Jeynes

 SEC Newgate                            +44 (0)7540 106 366

 Financial PR                           velocitycomposites@secnewgate.co.uk

 Robin Tozer / Richard Bicknell

 

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)
     £0.1725                                                                                   50,000

     £0.1733                                                                                   10,000
 d)  Aggregated information
     Aggregated volume                                            60,000
     Price                                                        £0.1727
 e)  Date of the transaction                                      6 April 2022
 f)  Place of the transaction                                     AIMX

 

 

 

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