Director/PDMR Shareholding

RNS Number : 1327Q

Velocity Composites PLC

16 October 2019

 

16 October 2019

Velocity Composites plc 

("Velocity" or the "Company")

Director/PDMR Shareholding

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, has been informed that Andy Beaden, non-executive Chairman of the Company, has today purchased 50,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 20.70 pence per Ordinary Share.  In addition, Mr Beaden's wife, Mrs Suzanne Beaden, has also today purchased 50,000 Ordinary Shares at an average price of 22.238 pence per Ordinary Share.

Mr Beaden now has a beneficial interest in a total of 150,000 Ordinary Shares representing approximately 0.42% of the issued share capital of the Company.

Enquiries

Velocity Composites plc Jon Bridges, CEO	01282 577 577
Cenkos Securities plc (Nominated Adviser) Russell Cook Ben Jeynes	020 7397 8900
Camarco (Financial PR) Ed Gascoigne Pees Georgia Edmonds James Crothers	020 3757 4980

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/ Suzanne Gail Beaden
2	Reason for the notification
a)	Position/status	Non-Executive Chairman PCA of 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 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)
		£0.200 £0.214 £0.2255 £0.21925	25,000 25,000 25,000 25,000
d)	Aggregated information
	Aggregated volume	100,000
	Price	£0.2147
e)	Date of the transaction	16 October 2019
f)	Place of the transaction	London Stock Exchange (XLON)

 

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