Velocity Composites PLC Director/PDMR Shareholding (5439H)
07 April 2022 - 04:10PM
UK Regulatory
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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END
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