Velocity Composites PLC PDMR Shareholding (4206T)

TIDMVEL

RNS Number : 4206T

Velocity Composites PLC

17 March 2023

Velocity Composites plc

("Velocity" or the "Company")

PDMR Shareholding

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that on 15 March 2023, Jeffrey Armitage, a PDMR of the Company sold 55,059 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 34 pence per Ordinary Share.

Following this transaction, Jeffrey Armitage has no beneficial holding in the Ordinary Shares of the Company.

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                                        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                   Sale of Ordinary Shares 
      ------------------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)                        Price(s)         Volume(s) 
      ------------------------------------------  ----------------  --------------- 
                                                           GBP0.34           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                     15 March 2023 
      ------------------------------------------  --------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------

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END

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March 17, 2023 12:37 ET (16:37 GMT)

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