31 August 2023
VELOCITY COMPOSITES PLC
("Velocity, the "Company" or the "Group")
Total Voting Rights
Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, announces that the total number of Ordinary Shares in the capital of the Company in issue is 40,893,368 with each Ordinary Share carrying the right to one vote. There are no Ordinary Shares held in treasury and therefore the total number of voting rights in the Company is 40,893,368. The above figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.
Enquiries:
| Velocity | Tel: +44 (0) 1282 577577 |
| Andy Beaden, Chairman Jon Bridges, Chief Executive Officer
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| Cenkos (Nominated Adviser and Broker) | Tel: +44 (0)20 7397 8900 |
| Katy Birkin Ben Jeynes George Lawson
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| SEC Newgate (Financial Communications) Robin Tozer George Esmond Harry Handyside | Tel: +44 (0)7540 106 366 Email: velocity@secnewgate.co.uk |
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About Velocity Composites
Based in Burnley, UK, Velocity Composites is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability. Customers include Airbus, Boeing, and GKN.
By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business. Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.
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