Velocity Composites PLC Director/PDMR Shareholding (3051O)

TIDMVEL

RNS Number : 3051O

Velocity Composites PLC

30 January 2023

Velocity Composites plc

("Velocity" or the "Company")

Director PDMR Shareholding

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that on 20 January 2023, Jon Bridges, Chief Executive Officer, dematerialised his certificated shareholding in the Company and transferred his entire holding of 5,515,929 Ordinary Shares in the Company into CREST, registered in the name of HL Nominees Limited. Following the transaction, Mr Bridges' beneficial interest in the Company remains unchanged.

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 
  George Esmond 
  Harry Handyside

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                                      Jonathan Karl Bridges 
      ----------------------------------------  --------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status                           Chief Executive Officer 
      ----------------------------------------  --------------------------------- 
 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                 Transfer of Ordinary Shares 
                                                  from certificated form into 
                                                  CREST broking account 
      ----------------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)                   Price(s)          Volume(s) 
      ----------------------------------------  ----------------  --------------- 
                                                             Nil        5,515,929 
  --------------------------------------------------------------  --------------- 
 d)    Aggregated information                    N/A single transaction 
      ----------------------------------------  --------------------------------- 
  Aggregated volume                         N/A single transaction 
 ----------------------------------------  -------------------------------------- 
  Price                                     Nil 
 ----------------------------------------  -------------------------------------- 
 e)    Date of the transaction                   20 January 2023 
      ----------------------------------------  --------------------------------- 
 f)    Place of the transaction                  XOFF 
      ----------------------------------------  ---------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHQBLFXXFLLBBF

(END) Dow Jones Newswires

January 30, 2023 11:25 ET (16:25 GMT)

Velocity Composites (LSE:VEL)
Historical Stock Chart
From Jun 2024 to Jul 2024