REG - Velocys PLC - Director/PDMR Dealing

VelocysAnnouncement

09/06/2023 09:15

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RNS Number : 2558C  Velocys PLC  09 June 2023

Velocys plc

("Velocys" or the "Company")

Director/PDMR Dealing

Velocys plc (VLS.L), the sustainable fuels technology company, announces the
following dealings by directors and persons discharging managerial
responsibility ('PDMR'), following the proposed subscription by certain
directors of the Company as detailed in the proposed Placing, Open Offer and
Retail Offer announcement from 18 May 2022 and as set out in the circular to
shareholders published on 22 May 2023.

Henrik Wareborn, Philip Sanderson, Philip Holland, Ann Markey, and Thomas
Quigley, subscribed for an aggregate of 2,400,000 Placing Shares at the Issue
Price. Following Admission today, the above Directors hold an aggregate
interest in 6,496,563 Ordinary Shares, representing approximately 0.4 per
cent. of the Enlarged Share Capital of the Company. Details of the Ordinary
Shares held by these Directors are detailed in the table below:

 Director/PDMR     Position                 Existing interest in Ordinary Shares  Ordinary Shares purchased  Total beneficial interest in Ordinary Shares  Total interest in Company's issued share capital
 Henrik Wareborn   Chief Executive Officer  2,318,445                             800,000                    3,118,445                                     0.18%
 Philip Sanderson  Chief Financial Officer  200,000                               400,000                    600,000                                       0.03%
 Philip Holland    Non-Executive Chairman   1,328,118                             400,000                    1,728,118                                     0.10%
 Ann Markey        Non-Executive Director   125,000                               400,000                    525,000                                       0.03%
 Tom Quigley       Non-Executive Director   125,000                               400,000                    525,000                                       0.03%

 

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as defined in the circular sent to shareholders
of the Company on 22 May 2023.

 

Enquiries:

 Velocys                                                                   +44 1865 800821

 Henrik Wareborn, CEO

 Philip Sanderson, CFO

 Panmure Gordon (UK) Limited (Nomad, Joint Bookrunner & Joint Broker)      +44 20 7886 2500

 Hugh Rich (Corporate Broking)

 Emma Earl (Corporate Finance)

 John Prior (Corporate Finance)

 Mark Rogers (Corporate Finance)

 Shore Capital Stockbrokers Limited (Joint Bookrunner & Joint Broker)      +44 20 7408 4090

 Henry Willcocks (Corporate Broking)

 Toby Gibbs (Corporate Advisory)

 James Thomas (Corporate Advisory)

 Angus Murphy (Corporate Advisory)

 Radnor Capital (Investor Relations)                                       +44 20 3897 1830

 Joshua Cryer

 Iain Daly

 Buchanan (Financial PR)                                                   +44 20 7466 5000

 Helen Tarbet

 Simon Compton

 

 

Notes to Editors

 

Velocys is an AIM quoted, international sustainable fuels technology company,
providing customers with a technology solution to enable the production of
negative Carbon Intensity synthetic, drop-in fuels from a variety of waste
materials. Synthetic fuel is the only commercially available, permanent
alternative to fossil aviation fuels. The Velocys technology is IP-protected
in all major jurisdictions.

 

Two reference projects in the US and UK (Bayou Fuels and Altalto respectively)
are designed to accelerate the adoption and standardise the Velocys
proprietary Fischer Tropsch (FT) technology with an integrated end to end
solution, including renewable power and sequestration.

 

Velocys is enabling commercial scale synthetic fuel production in response to
the clean energy transition, with significant additional positive air quality
impacts.

www.velocys.com (http://www.velocys.com)

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America.  This announcement is
not an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

 

 

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)   Names                                                        a)    Henrik Wareborn

                                                                   b)    Philip Sanderson

                                                                   c)    Philip Holland

                                                                   d)    Ann Markey

                                                                   e)    Thomas Quigley
 2    Reason for the notification

 a)   Position/status                                              a)    Chief Executive Officer

                                                                   b)    Chief Financial Officer

                                                                   c)    Non-Executive Chairman

                                                                   d)    Non-Executive Director

                                                                   e)    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                                                         Velocys plc

 b)   LEI                                                          549300KGMQV70HA5Y715

 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 1 pence each

      Identification code                                          GB00B11SZ269

 b)   Nature of the transaction                                    Purchase of Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     a) 2.5 pence      a) 800,000
                                                                                     b) 2.5 pence      b) 400,000
                                                                                     c) 2.5 pence      c) 400,000
                                                                                     d) 2.5 pence      d) 400,000
                                                                                     e) 2.5 pence      e) 400,000

 d)   Aggregated information

      - Aggregated volume                                          2,400,000

      - Price                                                      2.5 pence per share

 e)   Date of the transaction                                      9 June 2023

 f)   Place of the transaction                                     XLON

 

 

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