Velocity Composites PLC Director/PDMR Shareholding
05 March 2025 - 9:53PM
RNS Regulatory News
RNS Number : 4783Z
Velocity Composites PLC
05 March 2025
5 March 2025
Velocity Composites
plc
("Velocity", the "Company", the "Group")
PDMR/Director
shareholding
Velocity Composites plc (AIM: VEL),
the leading supplier of composite material kits to aerospace, has
been notified that Annette Rothwell, non-executive director,
transferred 73,285 ordinary shares of 0.25 pence each ("Ordinary
Shares") from her own name into her personal ISA. Annette
Rothwell's combined beneficial holding remains unchanged at 78,547
Ordinary Shares, which represents approximately 0.15 per cent. of
the voting rights in the Company.
The notifications below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provide further details.
Enquiries:
|
Velocity Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive
Officer
Rob Smith, Group 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
Nick 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
|
About Velocity Composites
plc
Based in Burnley, UK, Velocity is
the leading supplier of composite material kits to aerospace, 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.
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
|
Annette Rothwell
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
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 0.25 pence
each
|
|
|
Identification code
|
GB00BF339H01
|
|
b)
|
Nature of the transaction
|
Sale of 73,285 shares from own
account and purchase of 73,285 shares into a personal
ISA.
|
|
c)
|
Price(s) and volumes(s)
|
|
Price
|
Volume
|
|
27.02
pence
|
73,285
|
|
|
d)
|
Aggregated information
|
N/A single transaction
|
|
|
Aggregated volume
|
N/A single transaction
|
|
|
Aggregated Price
|
N/A single transaction
|
|
e)
|
Date of the transaction
|
4 March 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange,
AIM
|
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END
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