REG - Velocys PLC - Disclosure re Directors' Participation in Placing

VelocysAnnouncement

02/08/2019 09:00

RNS Number : 6511H
Velocys PLC
02 August 2019
 


News release
Velocys plc
("Velocys" or the "Company")
2 August 2019
Disclosure re Directors' Participation in Placing
 
Velocys plc (VLS.L), the renewable fuels technology company, announces that, further to the announcement on 15 July 2019 advising the subscription by the Directors of the Company for an aggregate of 2,499,998 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 3p per new Ordinary Share as part of the Placing, the corresponding disclosure forms summarised below have today been submitted online to the FCA in relation to these transactions.
 
The resultant interests in the shares of parent company undertakings of the Directors who subscribed (including those of the spouse or civil partner and children under 18) are:
 



Director


Number of Ordinary Shares held


Percentage of entire issued share capital




1.   Pierre Jungels


923,031


0.14%




2.   Henrik Wareborn


1,666,666


0.26%




3.   Andrew Morris


433,333


0.07%




4.   Philip Holland


333,333


0.05%




5.   Sandra Shaw


451,091


0.07%




6.   Darran Messem


333,333


0.05%



 
 
 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


1.   Pierre Jungels
2.   Henrik Wareborn
3.   Andrew Morris
4.   Philip Holland
5.   Cecil Shaw
6.   Darran Messem




2.


Reason for the notification




a)


Position / status


1.   Non-executive Chairman
2.   Chief Executive Officer
3.   Chief Financial Officer
4.   Senior Independent Director
5.   Person closely associated with a PDMR - Sandra Shaw, Non-executive Director
6.   Non-executive Director




b)


Initial notification / amendment


Initial notification




3.


Details of issuer




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
Identification Code


Ordinary Shares of 1p each
 
1.   GB00B11SZ269
2.   GB00B11SZ269
3.   GB00B11SZ269
4.   GB00B11SZ269
5.   GB00B11SZ269
6.   GB00B11SZ269




b)


Nature of the transaction


Subscription for new Ordinary Shares.
The transaction is not linked to the exercise of a share option programme.




c)


Price(s) and volume(s)





Director/PCA Name


Price


Volume




1.        Pierre Jungels


3p


500,000




2.        Henrik Wareborn


3p


666,666




3.        Andrew Morris


3p


333,333




4.        Philip Holland


3p


333,333




5.        Cecil Shaw


3p


333,333




6.        Darran Messem


3p


333,333








d)


Aggregated information
Aggregated volume Price


 N/A




e)


Date of the transactions





Director/PCA Name


Date of Transaction




1.   Pierre Jungels


2019-08-02 GMT




2.   Henrik Wareborn


2019-08-02 GMT




3.   Andrew Morris


2019-08-02 GMT




4.   Philip Holland


2019-08-02 GMT




5.   Cecil Shaw


2019-08-02 GMT




6.   Darran Messem


2019-08-02 GMT








f)


Place of the transaction


Outside a trading venue 



 
 
 
- Ends -
For further information, please contact:



Velocys
Henrik Wareborn, CEO
 


+44 1235 838 621
 




Numis Securities (Nomad and joint broker)
Alex Ham
Stuart Skinner
Tom Ballard
 


+44 20 7260 1000




Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor
James Asensio


+44 20 7523 8000
 




 


 




Camarco (Financial communications & PR)
Billy Clegg
Tom Huddart


+44 20 3757 4983
 



 
 
 
www.velocys.com
 
 




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