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RNS Number : 4581G Velocity Composites PLC 29 March 2022
29 March 2022
Velocity Composites plc
("Velocity" or the "Company")
Exercise of Share Options and Issue of Equity
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced
composite material kits to the aerospace market, announces that on 29 March
2022, Andrew Beaden, Non-executive Chairman, exercised 108,475 options over
Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of
0.25p.
Application has been made for 108,475 Ordinary Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to occur on 5 April 2022
and the Ordinary Shares will, on issue, rank pari passu in all respects with
the Company's existing Ordinary Shares.
On Admission, the Company will have a total of 36,411,539 Ordinary Shares in
issue. No Ordinary Shares are held in treasury. The figure of 36,411,539
may be used by the Company's shareholders as the denominator in the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure, Guidance and Transparency Rules.
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 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 Exercise of share options over ordinary shares of 0.25p each
c) Price(s) and volumes(s) Price(s) Volume(s)
£0.0025 108,475
d) Aggregated information N/A single transaction
Aggregated volume N/A single transaction
Price N/A single transaction
e) Date of the transaction 29 March 2022
f) Place of the transaction XOFF
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