Director/PDMR Shareholding

Velocity Composites PLC

17 March 2025

 

17 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 David Bailey, non-executive director, transferred 52,176 ordinary shares of 0.25 pence each ("Ordinary Shares") from his own name into his personal ISA and sold 137 shares to cover the costs of the transaction. David Bailey's beneficial holding following the transaction is 52,176 Ordinary Shares, which represents approximately 0.10 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	[phone]
Canaccord Genuity Limited Nominated Adviser and Joint Broker Max Hartley George Grainger	[phone]
Dowgate Capital Limited Joint Broker Russell Cook Nick Chambers	[phone]
SEC Newgate Financial Communications Robin Tozer George Esmond Harry Handyside	[phone] [e-mail]

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	David Bailey
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 52,313 shares from own account and purchase of 52,176 shares into a personal ISA.
c)	Price(s) and volumes(s)	Price Volume Sale 25.05 pence 52,313 Purchase 25.05 pence 52,176
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Aggregated Price	N/A single transaction
e)	Date of the transaction	14 March 2025
f)	Place of the transaction	London Stock Exchange, AIM

 

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