Velocity Composites - Exercise of Share Options and Issue of Equity

Velocity Composites

29/04/2025 17:26

RNS Number : 6987G

Velocity Composites PLC

29 April 2025

 

29 April 2025

Velocity Composites plc

("Velocity" or the "Company")

 

Exercise of Share Options and Issue of Equity

 

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that on 29 April 2025, 37,500 options over Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") were exercised by a member of staff at a price of 0.25 pence per share.

 

Application has been made for 37,500 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 6 May 2025 and the Ordinary Shares will, on issue, rank pari passu in all respects with the Company's existing Ordinary Shares.

 

On Admission, the Company will have a total of 54,047,866 Ordinary Shares in issue.  No Ordinary Shares are held in treasury.  The figure of 54,047,866 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure, Guidance and Transparency Rules.

 

 

Enquiries:

Velocity Composites plc
+44 (0) 1282 577577
Andy Beaden, Chairman
Jon Bridges, CEO
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 3909 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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