REG - Velocity Composites - PDMR Shareholding

Velocity CompositesAnnouncement

27/03/2023 10:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230327:nRSa3206Ua&default-theme=true

RNS Number : 3206U  Velocity Composites PLC  27 March 2023

27 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 23 March
2023, James Eastbury, a PDMR of the Company sold 80,000 ordinary shares of
0.25 pence each ("Ordinary Shares") at a price of 33.15 pence per Ordinary
Share. The sale was primarily to fund the income tax associated with the
option exercise announced on 6 March 2023. The share options had originally
been granted as part of the salary sacrifice arrangements which were a result
of the cost reduction programme announced on 17 December 2020.

 

Following this transaction, James Eastbury beneficially holds 75,932 Ordinary
Shares representing 0.21 per cent. of the Company's issued share capital.

 

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                                                         James Eastbury
 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)
     £0.3315                                                                                   80,000
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      23 March 2023
 f)  Place of the transaction                                     XOFF

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGCGDXCBDDGXR