REG - Velocity Composites - PDMR Shareholding

Velocity CompositesAnnouncement

17/03/2023 16:45

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RNS Number : 4206T  Velocity Composites PLC  17 March 2023

17 March 2023

 

Velocity Composites plc

("Velocity" or the "Company")

 

PDMR Shareholding

 

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced
composite material kits to the aerospace market, announces that on 15 March
2023, Jeffrey Armitage, a PDMR of the Company sold 55,059 ordinary shares of
0.25 pence each ("Ordinary Shares") at a price of 34 pence per Ordinary Share.

 

Following this transaction, Jeffrey Armitage has no beneficial holding in the
Ordinary Shares of the Company.

 

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

 George Lawson

 SEC Newgate                            +44 (0)7540 106 366

 Financial PR                           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                                                         Jeffrey Armitage
 2   Reason for the notification
 a)  Position/status                                              PDMR
 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                                    Sale of Ordinary Shares
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     £0.34                                                                                     55,059
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      15 March 2023
 f)  Place of the transaction                                     XOFF

 

 

 

 

 

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