TIDMVEL

RNS Number : 4392Q

Velocity Composites PLC

18 October 2019

18 October 2019

Velocity Composites plc

("Velocity" or the "Company")

Director/PDMR Shareholding

Velocity Composites plc (AIM: VEL.L), 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, has today purchased 75,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 23.40 pence per Ordinary Share.

Mr Beaden now has a beneficial interest in a total of 225,000 Ordinary Shares representing approximately 0.63% of the issued share capital of the Company.

Enquiries

 
 Velocity Composites plc 
  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) 
      --------------------------------------  -----------------  ------------- 
 
                                                       GBP0.229         25,000 
                                                       GBP0.235         25,000 
                                                       GBP0.238         25,000 
 -------------------------------------------  -----------------  ------------- 
 d)    Aggregated information 
      --------------------------------------  -------------------------------- 
  Aggregated volume                            75,000 
 -------------------------------------------  -------------------------------- 
  Price                                        GBP0.234 
 -------------------------------------------  -------------------------------- 
 e)    Date of the transaction                 18 October 2019 
      --------------------------------------  -------------------------------- 
 f)    Place of the transaction                London Stock Exchange (XLON) 
      --------------------------------------  --------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHZVLFFKBFZFBF

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October 18, 2019 10:43 ET (14:43 GMT)

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