REG - Velocity Composites - Exercise of Share Options and Issue of Equity

Velocity CompositesAnnouncement

07/10/2022 07:00

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RNS Number : 0937C  Velocity Composites PLC  07 October 2022

7 October 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 5 October
2022, 47,458 options over Velocity ordinary shares of 0.25 pence each
("Ordinary Shares") were exercised at a price of 0.25p.

 

Application has been made for 47,458 Ordinary Shares to be admitted to trading
on AIM ("Admission"). Admission is expected to occur on 12 October 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 36,458,997 Ordinary Shares in
issue.  No Ordinary Shares are held in treasury.  The figure of 36,458,997
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

 

 

 

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