Velocity Composites PLC Director/PDMR Shareholding
07 October 2024 - 5:00PM
RNS Regulatory News
RNS Number : 0885H
Velocity Composites PLC
07 October 2024
7 October 2024
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, announces that on 4
October 2024, Rob Smith, Finance Director, purchased 20,000 ordinary shares of 0.25p each in the Company
("Ordinary Shares") at 35.0 pence per Ordinary Share.
Following this purchase, Mr Smith holds a
beneficial interest in 40,000 Ordinary Shares representing
approximately 0.07 per cent. of the Company's issued share
capital.
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides further details.
Enquiries:
|
Velocity Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive
Officer
Rob Smith, Chief Financial
Officer
|
+44 (0)
1282 577577
|
|
Canaccord Genuity Limited
Nominated Adviser and Joint Broker
Max Hartley
George Grainger
|
+44 (0) 20
7523 8000
|
|
Dowgate Capital Limited
Joint Broker
Russell Cook
Nicholas Chambers
|
+44 (0) 20
3903 7715
|
|
SEC
Newgate
Financial Communications
Robin Tozer
George Esmond
Harry Handyside
|
+44
(0)7540 106 366
velocity@secnewgate.co.uk
|
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
|
Robert Smith
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
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 instrument, type
of instrument
|
Ordinary shares of 0.25p each
|
|
|
Identification code
|
GB00BF339H01
|
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares
|
|
c)
|
Price(s) and volumes(s)
|
Price(s)
|
Volume(s)
|
|
£0.35
|
20,000
|
|
d)
|
Aggregated information
|
N/A single transaction
|
|
|
Aggregated volume
|
N/A single transaction
|
|
|
Price
|
N/A single transaction
|
|
e)
|
Date of the transaction
|
4 October 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
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END
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