Velocity Composites PLC Exercise of Share Options and Issue of Equity (4581G)
March 29 2022 - 12:30PM
UK Regulatory
TIDMVEL
RNS Number : 4581G
Velocity Composites PLC
29 March 2022
29 March 2022
Velocity Composites plc
("Velocity" or the "Company")
Exercise of Share Options and Issue of Equity
Velocity Composites plc (AIM: VEL.L), the leading supplier of
advanced composite material kits to the aerospace market, announces
that on 29 March 2022, Andrew Beaden, Non-executive Chairman,
exercised 108,475 options over Velocity ordinary shares of 0.25
pence each ("Ordinary Shares") at a price of 0.25p.
Application has been made for 108,475 Ordinary Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur on 5 April 2022 and the Ordinary Shares will, on issue, rank
pari passu in all respects with the Company's existing Ordinary
Shares.
On Admission, the Company will have a total of 36,411,539
Ordinary Shares in issue. No Ordinary Shares are held in treasury.
The figure of 36,411,539 may be used by the Company's shareholders
as the denominator in the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct
Authority's Disclosure, Guidance and Transparency Rules.
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
SEC Newgate +44 (0)7540 106 366
Financial PR velocitycomposites@secnewgate.co.uk
Robin Tozer / Richard Bicknell
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 Exercise of share options over
ordinary shares of 0.25p each
---------------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ------------------ --------------
GBP0.0025 108,475
---------------------------------------------------------------- --------------
d) Aggregated information N/A single transaction
---------------------------------------- ----------------------------------
Aggregated volume N/A single transaction
---------------------------------------- ---------------------------------------
Price N/A single transaction
---------------------------------------- ---------------------------------------
e) Date of the transaction 29 March 2022
---------------------------------------- ----------------------------------
f) Place of the transaction XOFF
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END
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March 29, 2022 12:30 ET (16:30 GMT)
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