REG - Velocity Composites - Director/PDMR Shareholding

Velocity CompositesAnnouncement

08/04/2024 16:45

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RNS Number : 7368J  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 Andrew Beaden,
Chairman, today purchased 100,000 ordinary shares of 0.25p each in the Company
("Ordinary Shares") at 30.35 pence per Ordinary Share into his SIPP.

 

Following this purchase, Mr Beaden holds a beneficial interest in 680,975
Ordinary Shares representing approximately 1.27 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)
     £0.3035                                                                                   100,000
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      8 April 2024
 f)  Place of the transaction                                     AIMX

 

 

 

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