Velocity Composites PLC Grant of Share Options (1337F)
March 17 2022 - 6:57AM
UK Regulatory
TIDMVEL
RNS Number : 1337F
Velocity Composites PLC
17 March 2022
17 March 2022
Velocity Composites plc
("Velocity" or the "Company")
Grant of Share Options to Directors/PDMRs
Velocity Composites plc (AIM: VEL.L), the leading supplier of
advanced composite material kits to the aerospace market, announces
that on 16 March 2022, the Board awarded a total of 479,999 share
options over Velocity ordinary shares of 0.25p each (the "Share
Options") to certain directors and PDMRs as part of cash
salary/fees sacrifice arrangements, related to the cost reduction
programme announced on 17 December 2020, as follows:
Total New
Share Options
Existing Options New Share Options as % of issued
Shareholding Held Granted share capital
Andy Beaden
(Non-executive
Chairman) 400,000 108,475(1) 76,235(1) 0.21%
Robert Soen
(Non-executive
Director - 28,805(1) 33,412(1) 0.09%
Christopher
Williams
(Finance Director) - 272,268(2) 103,529(2) 0.29%
James Eastbury
(PDMR) - 280,932(2) 103,529(2) 0.29%
Matthew Archer
(PDMR) - 480,932(2) 108,235(2) 0.30%
Jeffrey Armitage
(PDMR) - - 55,059(2) 0.15%
(1) Share Options awarded under the Company's Unapproved Option Scheme
(2) Share Options awarded under the Company's EMI scheme
All of the Share Options will become exercisable on 1 November
2022, have a vesting period of one year and are exercisable at a
price of 21.5 pence.
Following the above grants, the Company has a total of 2,279,545
Ordinary Shares currently under option, representing approximately
6.28 per cent of the Company's issued share capital.
Enquiries:
Velocity Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer +44 (0) 1282 577577
Cenkos Securities plc
Nominated Adviser and Broker
Katy Birkin
Ben Jeynes +44 (0) 20 7397 4000
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) Name Andrew Beaden
---------------------------------------- ----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Non-executive Chairman
---------------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Velocity Composites plc
---------------------------------------- ----------------------------------
b) LEI 213800W4W46J8HGZP672
---------------------------------------- ----------------------------------
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 Ordinary shares of 0.25p each
instrument, type of instrument
---------------------------------------- ----------------------------------
Identification code GB00BF339H01
---------------------------------------- ----------------------------------
b) Nature of the transaction Grant of share options over
ordinary shares of 0.25p each
---------------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ---------------- ----------------
GBP0.215 76,235
-------------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---------------------------------------- ----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ---------------------------------------
Price N/A single transaction
---------------------------------------- ---------------------------------------
e) Date of the transaction 16 March 2022
---------------------------------------- ----------------------------------
f) Place of the transaction XOFF
---------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Soen
---------------------------------------- ----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status 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 Velocity Composites plc
---------------------------------------- ----------------------------------
b) LEI 213800W4W46J8HGZP672
---------------------------------------- ----------------------------------
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 Ordinary shares of 0.25p each
instrument, type of instrument
---------------------------------------- ----------------------------------
Identification code GB00BF339H01
---------------------------------------- ----------------------------------
b) Nature of the transaction Grant of share options over
ordinary shares of 0.25p each
---------------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ---------------- ----------------
GBP0.215 33,412
-------------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---------------------------------------- ----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ---------------------------------------
Price N/A single transaction
---------------------------------------- ---------------------------------------
e) Date of the transaction 16 March 2022
---------------------------------------- ----------------------------------
f) Place of the transaction XOFF
---------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Christopher Williams
---------------------------------------- ----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Finance Director
---------------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Velocity Composites plc
---------------------------------------- ----------------------------------
b) LEI 213800W4W46J8HGZP672
---------------------------------------- ----------------------------------
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 Ordinary shares of 0.25p each
instrument, type of instrument
---------------------------------------- ----------------------------------
Identification code GB00BF339H01
---------------------------------------- ----------------------------------
b) Nature of the transaction Grant of share options over
ordinary shares of 0.25p each
---------------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ---------------- ----------------
GBP0.215 103,529
-------------------------------------------------------------- ----------------
d) Aggregated information N/A single transaction
---------------------------------------- ----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ---------------------------------------
Price N/A single transaction
---------------------------------------- ---------------------------------------
e) Date of the transaction 16 March 2022
---------------------------------------- ----------------------------------
f) Place of the transaction XOFF
---------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Eastbury
---------------------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status PDMR/Customer Programmes Director
---------------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Velocity Composites plc
---------------------------------------- -------------------------------------
b) LEI 213800W4W46J8HGZP672
---------------------------------------- -------------------------------------
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 Ordinary shares of 0.25p each
instrument, type of instrument
---------------------------------------- -------------------------------------
Identification code GB00BF339H01
---------------------------------------- -------------------------------------
b) Nature of the transaction Grant of share options over
ordinary shares of 0.25p each
---------------------------------------- -------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ------------------ -----------------
GBP0.215 103,529
---------------------------------------------------------------- -----------------
d) Aggregated information N/A single transaction
---------------------------------------- -------------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ------------------------------------------
Price N/A single transaction
---------------------------------------- ------------------------------------------
e) Date of the transaction 16 March 2022
---------------------------------------- -------------------------------------
f) Place of the transaction XOFF
---------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew Archer
------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status PDMR/Commercial and Supply
Chain Director
------------------------------------------ ----------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Velocity Composites plc
------------------------------------------ ----------------------------------
b) LEI 213800W4W46J8HGZP672
------------------------------------------ ----------------------------------
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 Ordinary shares of 0.25p each
instrument, type of instrument
------------------------------------------ ----------------------------------
Identification code GB00BF339H01
------------------------------------------ ----------------------------------
b) Nature of the transaction Grant of share options over
ordinary shares of 0.25p each
------------------------------------------ ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ----------------- ---------------
GBP0.215 108,235
----------------------------------------------------------------- ---------------
d) Aggregated information N/A single transaction
------------------------------------------ ----------------------------------
Aggregated volume N/A single transaction
------------------------------------------ ---------------------------------------
Price N/A single transaction
------------------------------------------ ---------------------------------------
e) Date of the transaction 16 March 2022
------------------------------------------ ----------------------------------
f) Place of the transaction XOFF
------------------------------------------ ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jeffrey Armitage
------------------------------------------ -------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PDMR/Strategic Operation Director
------------------------------------------ -------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Velocity Composites plc
------------------------------------------ -------------------------------------
b) LEI 213800W4W46J8HGZP672
------------------------------------------ -------------------------------------
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 Ordinary shares of 0.25p each
instrument, type of instrument
------------------------------------------ -------------------------------------
Identification code GB00BF339H01
------------------------------------------ -------------------------------------
b) Nature of the transaction Grant of share options over
ordinary shares of 0.25p each
------------------------------------------ -------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------ -----------------
GBP0.215 55,059
------------------------------------------------------------------ -----------------
d) Aggregated information N/A single transaction
------------------------------------------ -------------------------------------
Aggregated volume N/A single transaction
------------------------------------------ ------------------------------------------
Price N/A single transaction
------------------------------------------ ------------------------------------------
e) Date of the transaction 16 March 2022
------------------------------------------ -------------------------------------
f) Place of the transaction XOFF
------------------------------------------ -------------------------------------
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END
DSHUBVRRUSUOAAR
(END) Dow Jones Newswires
March 17, 2022 06:57 ET (10:57 GMT)
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