TIDMVEL

RNS Number : 5439H

Velocity Composites PLC

07 April 2022

7 April 2022

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 , has been notified that on 6 April 2022, Andy Beaden, Non-executive Chairman of the Company, purchased 60,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 17.27 pence per Ordinary Share.

Following these purchases, Mr Beaden has a beneficial interest in 568,475 Ordinary Shares representing approximately 1.56% of the issued share capital of the Company.

Enquiries:

 
Velocity Composites plc 
 Andy Beaden, Chairman 
 Jon Bridges, Chief Executive Officer   +44 (0) 1282 577577 
 
  Cenkos Securities plc 
  Nominated Adviser and Broker 
  Katy Birkin 
  Ben Jeynes                              +44 (0) 20 7397 4000 
SEC Newgate                             +44 (0)7540 106 366 
 Financial PR                            velocitycomposites@secnewgate.co.uk 
 Robin Tozer / Richard Bicknell 
 

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) 
                                              GBP0.1725          50,000 
                                               GBP0.1733          10,000 
d)   Aggregated information 
 Aggregated volume                            60,000 
 Price                                        GBP 0. 1727 
e)   Date of the transaction                  6 April 2022 
f)   Place of the transaction                 AIMX 
 

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April 07, 2022 02:10 ET (06:10 GMT)

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