Velocity Composites PLC Exercise of Options and Issue of Equity (9055R)
March 06 2023 - 2:00AM
UK Regulatory
TIDMVEL
RNS Number : 9055R
Velocity Composites PLC
06 March 2023
6 March 2023
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 3 March 2023, a total of 461,788 options over Velocity
ordinary shares of 0.25 pence each ("Ordinary Shares") were
exercised at a price of 0.25p (the "Option Exercises").
The Option Exercises include the following dealings by
PDMRs:
PDMR Number of Options Number of Ordinary Percentage
Shares held following of issued share
Option Exercise capital following
Admission
James Eastbury 155,932 155,932 0.42
------------------ ----------------------- -------------------
Jeffrey Armitage 55,059 55,059 0.15
------------------ ----------------------- -------------------
Application has been made for 461,788 Ordinary Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur on 9 March 2023 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 36,920,785
Ordinary Shares in issue. No Ordinary Shares are held in treasury.
The figure of 36,920,785 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) 1 282 577577
Cenkos Securities plc
Nominated Adviser and Broker
Katy Birkin
Ben Jeynes
George Lawson +44 (0) 20 7397 4000
SEC Newgate +44 (0)7540 106 366
Financial PR velocity@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 James Eastbury
------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status PDMR
------------------------------------------ ----------------------------------
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 155,932
----------------------------------------------------------------- ---------------
d) Aggregated information N/A single transaction
------------------------------------------ ----------------------------------
Aggregated volume N/A single transaction
------------------------------------------ ---------------------------------------
Price N/A single transaction
------------------------------------------ ---------------------------------------
e) Date of the transaction 3 March 2023
------------------------------------------ ----------------------------------
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
------------------------------------------ ----------------------------------
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 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 3 March 2023
------------------------------------------ ----------------------------------
f) Place of the transaction XOFF
------------------------------------------ ----------------------------------
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END
MSCUPUUCWUPWGQW
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