13 February 2024
Velocity Composites plc
("Velocity" or the "Company")
Appointment of Dowgate Capital as Joint Broker
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, is pleased to announce the appointment of Dowgate Capital Limited as the Company's Joint Broker with immediate effect.
Enquiries:
| Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer Andrew Hebb, Interim Chief Financial Officer
| +44 (0) 1282 577577 |
| Cavendish Capital Markets Limited Nominated Adviser and Joint Broker Katy Birkin Ben Jeynes George Lawson
| +44 (0) 20 7220 0500 |
| Dowgate Capital Limited Joint Broker Russell Cook Nick Chambers
| +44 (0) 20 3903 7715 |
| SEC Newgate Financial Communications Robin Tozer George Esmond Harry Handyside | +44 (0)7540 106 366 velocity@secnewgate.co.uk |
About Velocity Composites plc
Based in Burnley, UK, Velocity 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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