REG - Velocity Composites - Result of AGM

Velocity CompositesAnnouncement

12/03/2024 17:00

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RNS Number : 5815G  Velocity Composites PLC  12 March 2024

 

12 March 2024

 

 

Velocity Composites plc

("Velocity" or the "Company")

 

Results of Annual General Meeting

Velocity Composites plc (AIM: VEL.L), the leading supplier of composite
material kits to aerospace and other high-performance manufacturers, announces
that the resolutions put to Shareholders at the Annual General Meeting of the
Company held earlier today were duly passed.

The votes cast at the Annual General Meeting, including proxy votes, were as
follows:

 Resolution Number  Number of Votes For  % of Votes For  Number of Votes  Against   % of Votes Against  Number of Votes Withheld
 1                  27,687,479           100.00%         1,000                      0.00%               8,496
 2                  26,749,906           97.01%          12,797                     0.05%               123,072
 3                  27,680,249           99.97%          9,412                      0.03%               7,314
 4                  27,681,768           99.97%          7,893                      0.03%               7,314
 5                  27,680,071           99.97%          9,590                      0.03%               7,314
 6                  27,680,497           99.97%          9,164                      0.03%               7,314
 7                  27,687,142           99.99%          2,519                      0.01%               7,314
 8                  27,480,401           99.79%          58,262                     0.21%               158,312
 9                  23,133,938           84.01%          4,404,399                  15.99%              158,638
 10                 23,248,283           84.10%          4,396,052                  15.90%              52,640
 11                 26,098,359           99.91%          23,494                     0.09%               1,575,122

 

A "vote withheld" is not a vote in law and is not counted in the calculation
of the percentage of shares voted "For" or "Against" and resolution.

 

Enquiries:

 

 Velocity Composites plc                        +44 (0) 1282 577577

 Andy Beaden, Chairman

 Jon Bridges, Chief Executive Officer

 Andrew Hebb, Interim Chief Financial Officer

 Cavendish Capital Markets Limited              +44 (0) 20 7220 0500

 Nominated Adviser and Joint Broker

 Katy Birkin

 Ben Jeynes

 George Lawson

 Dowgate Capital Limited                        +44 (0) 20 3903 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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