REG - Velocys PLC - Director/PDMR Dealings

VelocysAnnouncement

17/12/2021 08:05

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RNS Number : 9644V  Velocys PLC  17 December 2021

Velocys plc

("Velocys" or the "Company")

Director/PDMR Dealings

Velocys plc (VLS.L), the sustainable fuels technology company, announces that
further to the announcement on 25 November 2021 detailing the proposed Placing
and Open Offer and the Circular sent to shareholders on 29 November 2021,
which contained details advising the proposed subscription by certain of the
directors of the Company, the following Directors' dealings as part of the
Placing and Open Offer have completed:

Andrew Morris, Chief Financial Officer, has subscribed for 125,000 New
Ordinary Shares through the Open Offer at the Issue Price of 8 pence per
Ordinary Share.

Philip Holland, Non-Executive Chairman, has subscribed for 125,000 New
Ordinary Shares through the Open Offer at the Issue Price of 8 pence per
Ordinary Share.

Darran Messem, Non-Executive Director, has subscribed for 125,000 New Ordinary
Shares through the Placing at the Issue Price of 8 pence per Ordinary Share.

Ann Markey, Non-Executive Director, has subscribed for 125,000 New Ordinary
Shares through the Placing at the Issue Price of 8 pence per Ordinary Share.

Thomas Quigley, Non-Executive Director, has subscribed for 125,000 New
Ordinary Shares through the Placing at the Issue Price of 8 pence per Ordinary
Share.

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
 Andrew Morris   Chief Financial Officer  1,047,817                             125,000                    1,172,817                                     0.08%
 Philip Holland  Non-Executive Chairman   1,203,118                             125,000                    1,328,118                                     0.09%
 Darran Messem   Non-Executive Director   433,333                               125,000                    558,333                                       0.04%
 Ann Markey      Non-Executive Director   -                                     125,000                    125,000                                       0.01%
 Thomas Quigley  Non-Executive Director   -                                     125,000                    125,000                                       0.01%

 

The notification set out below, provides further details of such dealings:

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Names                                                        a)    Andrew Mrorris

                                                                   b)    Philip Holland

                                                                   c)    Darran Messem

                                                                   d)    Ann Markey

                                                                   e)    Thomas Quigley
 2    Reason for the notification

 a)   Position/status                                              a)    Chief Financial Officer

                                                                   b)    Non-Executive Chairman

                                                                   c)    Non-Executive Director

                                                                   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) 8 pence        a) 125,000
                                                                                     b) 8 pence        b) 125,000
                                                                                     c) 8 pence        c) 125,000
                                                                                     d) 8 pence        d) 125,000
                                                                                     e) 8 pence        e) 125,000

 d)   Aggregated information

      - Aggregated volume                                          625,000

      - Price                                                      8 pence per share

 e)   Date of the transaction                                      17 December 2021

 f)   Place of the transaction                                     XLON

 

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 29 November 2021.

 

Enquiries:

 Velocys                                                            +44 1865 800821

 Henrik Wareborn, CEO

 Andrew Morris, CFO

 Lak Siriwardene, Director of Communications & Sustainability

 Panmure Gordon (UK) Limited (Nomad and Joint Broker)               +44 20 7886 2500

 Emma Earl (Corporate Finance)

 John Prior (Corporate Finance)

 Hugh Rich (Corporate Broking)

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

 Henry Willcocks (Corporate Broking)

 Toby Gibbs (Corporate Advisory)

 James Thomas (Corporate Advisory)

 Liam Zabludowicz (Corporate Advisory)

 Buchanan (Financial PR)                                            +44 20 7466 5000

 Helen Tarbet

 Simon Compton

 Radnor Capital (Investor Relations)                                +44 20 3897 1830

 Joshua Cryer

 Iain Daly

 

 

 

 

 

Notes to Editors

 

Velocys is an LSE-listed, international sustainable fuels technology company,
traded on the AIM, providing clients with a technology solution to enable the
production of negative Carbon Intensity synthetic, drop-in fuels from a
variety of waste materials. SAF ('Sustainable Aviation Fuel') is the only
commercially available, permanent alternative to fossil aviation fuels.

The technology is IP-protected in all major jurisdictions.

Two reference projects in the US and UK (Bayou Fuels and Altalto) 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 SAF
production in response to the clean energy transition.

Velocys technology pathway is enabling the next generation of low carbon
sustainable fuels with significant additional positive air quality impacts.

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

 

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