Source - LSE Regulatory
RNS Number : 7368J
Velocity Composites PLC
08 April 2024
 

8 April 2024

 

Velocity Composites plc

("Velocity" or the "Company")

 

Director PDMR Shareholding

 

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that Andrew Beaden, Chairman, today purchased 100,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares") at 30.35 pence per Ordinary Share into his SIPP.

 

Following this purchase, Mr Beaden holds a beneficial interest in 680,975 Ordinary Shares representing approximately 1.27 per cent. of the Company's issued share capital.

 

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

 

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

 

 

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 Michael 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 instrument, type of instrument

Ordinary shares of 0.25p each


Identification code

GB00BF339H01

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.3035

100,000

d)

Aggregated information

N/A single transaction


Aggregated volume

N/A single transaction


Price

N/A single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

AIMX

 

 

                                                                                                               

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END
 
 
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