Director/PDMR Shareholding

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	[phone]
Cenkos Securities plc Nominated Adviser and Broker Katy Birkin Ben Jeynes	[phone]
SEC Newgate Financial PR Robin Tozer / Richard Bicknell	[phone] [e-mail]

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 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)
		£0.1725 £0.1733	50,000 10,000
d)	Aggregated information
	Aggregated volume	60,000
	Price	£ 0. 1727
e)	Date of the transaction	6 April 2022
f)	Place of the transaction	AIMX

 

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