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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Velocity Composites Plc | LSE:VEL | London | Ordinary Share | GB00BF339H01 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 1.54% | 33.00 | 32.00 | 34.00 | 33.00 | 32.50 | 32.50 | 97,713 | 08:40:48 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Aircraft Parts, Aux Eq, Nec | 16.41M | -3.14M | -0.0588 | -5.61 | 17.64M |
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) Dow Jones Newswires
March 29, 2022 12:30 ET (16:30 GMT)
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