Velocity Composites PLC Director/PDMR Shareholding (9993P)
16 October 2019 - 5:00PM
UK Regulatory
TIDMVEL
RNS Number : 9993P
Velocity Composites PLC
16 October 2019
16 October 2019
Velocity Composites plc
(the "Company")
Director/PDMR Shareholding
Velocity Composites plc, the leading supplier of advanced
composite material kits, providing engineering value-solutions for
the global aerospace industry, has been informed that Andy Beaden,
non-executive Chairman of the Company, purchased 50,000 ordinary
shares of 0.25 pence each ("Ordinary Shares") on 15 October 2019 at
an average price of 18.49 pence per Ordinary Share.
Mr. Beaden had no previous shareholding in the Company.
Consequently, he now has a beneficial interest in 50,000 Ordinary
Shares representing approximately 0.14% of the issued share capital
of the Company.
Enquiries
Velocity
Jon Bridges, CEO 01282 577 577
Cenkos Securities plc
(Nominated Adviser)
Russell Cook
Ben Jeynes 020 7397 8900
Camarco
(Financial PR)
Ed Gascoigne Pees
Georgia Edmonds
James Crothers 020 3757 4980
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 Ordinary shares of 0.25p each
instrument, type of instrument
-------------------------------------- ---------------------------------
Identification code GB00BF339H01
-------------------------------------- ---------------------------------
b) Nature of the transaction Purchase of ordinary shares
-------------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------- ------------------ -------------
GBP0.1900 5,000
GBP0.1899 10,000
GBP0.1894 10,000
GBP0.1800 25,000
-------------------------------------------------------------- -------------
d) Aggregated information N/A single transaction
-------------------------------------- ---------------------------------
Aggregated volume N/A single transaction
-------------------------------------- --------------------------------------
Price N/A single transaction
-------------------------------------- --------------------------------------
e) Date of the transaction 15 October 2019
-------------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange (XLON)
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
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October 16, 2019 02:00 ET (06:00 GMT)
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