Velocity Composites - Director/PDMR Shareholding

Velocity Composites

17/03/2025 13:51

RNS Number : 9815A

Velocity Composites PLC

17 March 2025

 

17 March 2025

Velocity Composites plc

("Velocity", the "Company", the "Group")

 

PDMR/Director shareholding

 

Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, has been notified that David Bailey, non-executive director, transferred 52,176 ordinary shares of 0.25 pence each ("Ordinary Shares") from his own name into his personal ISA and sold 137 shares to cover the costs of the transaction. David Bailey's beneficial holding following the transaction is 52,176 Ordinary Shares, which represents approximately 0.10 per cent. of the voting rights in the Company.

 

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further details.

 

 

Enquiries:

 

Velocity Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer
Rob Smith, Group Chief Financial Officer
+44 (0) 1282 577577
Canaccord Genuity Limited
Nominated Adviser and Joint Broker
Max Hartley
George Grainger
+44 (0) 20 7523 8000
Dowgate Capital Limited
Joint Broker
Russell Cook
Nick Chambers
+44 (0) 20 3903 7715
SEC Newgate
Financial Communications
Robin Tozer
George Esmond
Harry Handyside
+44 (0)7540 106 366
velocity@secnewgate.co.uk

 

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 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.

 

 

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
David Bailey
2
Reason for the notification
a)
Position/status
Non-Executive Director
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 0.25 pence each
Identification code
GB00BF339H01
b)
Nature of the transaction
Sale of 52,313 shares from own account and purchase of 52,176 shares into a personal ISA.
c)
Price(s) and volumes(s)
Price
Volume
Sale
25.05 pence
52,313
Purchase
25.05 pence
52,176
d)
Aggregated information
N/A single transaction
Aggregated volume
N/A single transaction
Aggregated Price
N/A single transaction
e)
Date of the transaction
14 March 2025
f)
Place of the transaction
London Stock Exchange, AIM

 

 

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