REG - Velocity Composites - Director/PDMR Shareholding
RNS Number : 5243RVelocity Composites PLC29 October 201929 October 2019
Velocity Composites plc
("Velocity" or the "Company")
Director/PDMR Shareholding
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, has been informed that Andy Beaden, non-executive Chairman of the Company, has purchased a further 100,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 27.25 pence per Ordinary Share.
Mr Beaden now has a beneficial interest in a total of 375,000 Ordinary Shares representing approximately 1.04% of the issued share capital of the Company.
Enquiries
Velocity Composites plc
Jon Bridges, CEO
01282 577 577
Cenkos Securities plc
(Nominated Adviser)
Russell Cook
Ben Jeynes
020 7397 8900
Camarco
(Financial PR)
Ed Gascoigne Pees
Georgia Edmonds
James Crothers
020 3757 4980
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
Andrew Michael Beaden
2
Reason for the notification
a)
Position/status
Non-Executive Chairman
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
Purchase of ordinary shares
c)
Price(s) and volumes(s)
Price(s)
Volume(s)
£0.270
50,000
d)
Aggregated information
Aggregated volume
50,000
Price
£0.270
e)
Date of the transaction
28 October 2019
f)
Place of the transaction
AIMX
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Michael Beaden
2
Reason for the notification
a)
Position/status
Non-Executive Chairman
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
Purchase of ordinary shares
c)
Price(s) and volumes(s)
Price(s)
Volume(s)
£0.270
£0.280
25,000
25,000d)
Aggregated information
Aggregated volume
50,000
Price
£0.275
e)
Date of the transaction
29 October 2019
f)
Place of the transaction
AIMX
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