REG - Velocity Composites - Total Voting Rights

Velocity CompositesAnnouncement

01/11/2024 07:00

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RNS Number : 4874K  Velocity Composites PLC  01 November 2024

1 November 2024

VELOCITY COMPOSITES plc

("Velocity" or the "Company")

 

Total Voting Rights

 

In compliance with the FCA's Disclosure Guidance and Transparency Rules, the
Company announces that, as at the date of this announcement, it has
53,509,706 ordinary shares of 0.25 pence each with voting rights in issue
("Ordinary Shares"). The Company does not hold any Ordinary Shares in
treasury. Therefore, the total number of Ordinary Shares in the Company with
voting rights will be 53,509,706.

 

The aforementioned figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest, or a change in that interest, in the share
capital of the Company under the FCA's Disclosure Guidance and Transparency
Rules.

 

Enquiries:

 

 Velocity Composites plc                +44 (0) 1282 577577

 Andy Beaden, Chairman

 Jon Bridges, Chief Executive Officer

 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 3903 7715

 Joint Broker

 Russell Cook

 Nicholas 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, that reduce costs and improve sustainability.  Customers
include BAE Systems. Hamble Aerostructures, Safran Nacelles and GKN, who
supply to the major OEMs including Airbus, Boeing, GE, Rolls Royce and
Lockheed Martin.

 

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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