REG - Velocity Composites - Director/PDMR Shareholding

Velocity CompositesAnnouncement

07/10/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241007:nRSG0885Ha&default-theme=true

RNS Number : 0885H  Velocity Composites PLC  07 October 2024

7 October 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 4 October
2024, Rob Smith, Finance Director, purchased 20,000 ordinary shares of 0.25p
each in the Company ("Ordinary Shares") at 35.0 pence per Ordinary Share.

 

Following this purchase, Mr Smith holds a beneficial interest in 40,000
Ordinary Shares representing approximately 0.07 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

 Rob Smith, Chief Financial Officer

 Canaccord Genuity Limited              +44 (0) 20 7523 8000

 Nominated Adviser and Joint Broker

 Max Hartley

 George Grainger

 Dowgate Capital Limited                +44 (0) 20 3903 7715

 Joint Broker

 Russell Cook

 Nicholas 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                                                         Robert Smith
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 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)
     £0.35                                                                                     20,000
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      4 October 2024
 f)  Place of the transaction                                     AIMX

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBQLLBZBLFFBQ