TIDMVEL

RNS Number : 0690O

Velocity Composites PLC

08 June 2022

8 June 2022

Velocity Composites plc

("Velocity" or the "Company")

Directorate Change

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market and other high-performance manufacturers, announces that Chris Williams will step down from his position as Group Finance Director and will leave the Company at the end of December 2022, to pursue other business and personal interests.

The Company will commence a process to identify and appoint a new Group Finance Director shortly and further announcements will be made, as appropriate. Mr Williams remains committed to the Group until his departure and will provide an orderly handover to the Company's new Group Finance Director.

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 
   George Lawson                            +44 (0) 20 7397 4000 
 SEC Newgate                              +44 (0)7540 106 366 
  Financial PR                             velocitycomposites@secnewgate.co.uk 
  Robin Tozer / Richard Bicknell

About Velocity Composites

Based in Burnley, UK, Velocity Composites is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability. Customers include Airbus, Boeing, and GKN.

By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business. Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.

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June 08, 2022 02:01 ET (06:01 GMT)

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