REG - Velocity Composites - Director/PDMR Shareholding

Velocity CompositesAnnouncement

17/03/2025 14:00

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RNS Number : 9815A  Velocity Composites PLC  17 March 2025

17 March 2025

Velocity Composites plc

("Velocity", the "Company", the "Group")

 

PDMR/Director shareholding

 

Velocity Composites plc (AIM: VEL), the leading supplier of composite material
kits to aerospace, has been notified that David Bailey, non-executive
director, transferred 52,176 ordinary shares of 0.25 pence each ("Ordinary
Shares") from his own name into his personal ISA and sold 137 shares to cover
the costs of the transaction. David Bailey's beneficial holding following the
transaction is 52,176 Ordinary Shares, which represents approximately 0.10 per
cent. of the voting rights in the Company.

 

The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further details.

 

 

Enquiries:

 

 Velocity Composites plc                    +44 (0) 1282 577577

 Andy Beaden, Chairman

 Jon Bridges, Chief Executive Officer

 Rob Smith, Group 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

 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, 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.

 

 

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                                                         David Bailey
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Director
 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 0.25 pence each
     Identification code                                          GB00BF339H01
 b)  Nature of the transaction                                    Sale of 52,313 shares from own account and purchase of 52,176 shares into a
                                                                  personal ISA.
 c)  Price(s) and volumes(s)                                      Price        Volume
                                                                  Sale      25.05 pence  52,313
                                                                  Purchase  25.05 pence  52,176
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Aggregated Price                                             N/A single transaction
 e)  Date of the transaction                                      14 March 2025
 f)  Place of the transaction                                     London Stock Exchange, AIM

d)

Aggregated information

N/A single transaction

Aggregated volume

N/A single transaction

Aggregated Price

N/A single transaction

e)

Date of the transaction

14 March 2025

f)

Place of the transaction

London Stock Exchange, AIM

 

 

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