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

VelocysAnnouncement

21/07/2020 07:00

RNS Number : 5465T
  
Velocys PLC
  
21 July 2020
  
 

News release
Velocys plc
("Velocys" or the "Company")
21 July 2020
Disclosure re directors' participation in the placing and open offer
 
Velocys plc (VLS.L), the sustainable fuels technology company (the "Company"), announces that, further to the announcement on 25 June 2020 advising the proposed subscription by the directors of the Company of an aggregate of 1,200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 5p per new Ordinary Share as part of the placing, and following the subscription by certain directors of the Company for an aggregate of 96,487 new Ordinary Shares at a price of 5p per new Ordinary Share as part of the open offer announced by the Company on 24 June 2020 and 25 June 2020, the corresponding disclosure forms summarised below have today been submitted online to the FCA in relation to these transactions.
 
The resultant interests of the relevant directors and persons closely associated with them in the shares of the Company are:
 



Director


Number of Ordinary Shares held


Percentage of entire issued share capital




1.   Philip Holland


1,203,118


0.11%




2.   Henrik Wareborn


2,118,445


0.20%




3.   Andrew Morris


847,817


0.08%




4.   Sandra Shaw


551,091


0.05%




5.   Darran Messem


433,333


0.04%



 
 
 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


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




2.


Reason for the notification




a)


Position / status


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




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.        Philip Holland


5p


230,224




2.        Henrik Wareborn


5p


451,779




3.        Andrew Morris 


5p


414,484




4.        Cecil Shaw


5p


100,000




5.        Darran Messem


5p


100,000








d)


Aggregated information
Aggregated volume Price


 N/A




e)


Date of the transactions





Director/PCA Name


Date of Transaction




1.   Philip Holland


2020-07-16 GMT




2.   Henrik Wareborn


2020-07-16 GMT




3.   Andrew Morris 


2020-07-16 GMT




4.   Cecil Shaw


2020-07-16 GMT




5.   Darran Messem


2020-07-16 GMT








f)


Place of the transaction


Outside a trading venue  



 
 
 
- Ends -
For further information, please contact:



Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Head of Communications & Sustainability
 


+44 1865 800821
 




Numis Securities (Nomad and joint broker)
Stuart Skinner
Louis McKeeve
 


+44 20 7260 1000




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


+44 20 7523 8000 
 




 


 




Turner Pope Investments (Joint broker)
James Pope
 
Radnor Capital (Investor relations)
Joshua Cryer
Iain Daly


+44 20 3657 0050
 
 
+44 20 3897 1830
 




 
Field Consulting (PR)
Robert Jeffery


 
+44 20 7096 7730



 
 
www.velocys.com
 
 


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