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

Velocity CompositesAnnouncement

Tue 17:30

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RNS Number : 6987G  Velocity Composites PLC  29 April 2025

29 April 2025

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 April
2025, 37,500 options over Velocity ordinary shares of 0.25 pence each
("Ordinary Shares") were exercised by a member of staff at a price of 0.25
pence per share.

 

Application has been made for 37,500 Ordinary Shares to be admitted to trading
on AIM ("Admission"). Admission is expected to occur on 6 May 2025 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 54,047,866 Ordinary Shares in
issue.  No Ordinary Shares are held in treasury.  The figure of 54,047,866
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, CEO
 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 3909 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 and other high-performance manufacturers, 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.

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