First Day of Dealings

RNS Number : 4708F

Velocity Composites PLC

18 May 2017

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

This announcement does not constitute an offer of securities for sale or subscription in any jurisdiction. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except in compliance with applicable securities laws and regulations on the basis of the information in the admission document published by Velocity Composites plc on 18 May 2017 in connection with the proposed admission of its ordinary shares to trading on AIM, a market operated by London Stock Exchange plc.

18 May 2017

Velocity Composites plc

("Velocity" or the "Company")

First Day of Dealings

Velocity Composites plc, the leading supplier of advanced composite material kits to the aerospace industry, is pleased to announce that Admission and dealings in its Ordinary Shares on the AIM market of the London Stock Exchange will commence at 08:00am today under the TIDM "VEL".

The total  number  of  Ordinary  Shares  in  the  Company in  issue  immediately  following  Admission will be 35,795,539 each with equal voting rights. The total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure, Guidance and Transparency Rules of the Financial Conduct Authority. Copies of the Admission Document will be available at the registered office of the Company, subject to applicable securities laws or regulations.

The Company's Admission Document can be found at www.velocity-composites.com.

Jon Bridges, Chief Executive Officer of Velocity, said

"We are delighted to announce the successful completion of our admission to the London Stock Exchange and by the interest shown in Velocity by investors.  We would like to thank all our investors and other key stakeholders for their ongoing support, and look forward to our future as a quoted company with confidence.

We believe that today represents the start of a new chapter in Velocity's continuing evolution and this investment positions us for growth by enabling us to give more customers an efficient route to make cost savings and increase production rates as we open additional facilities where they are based."

 Ends
 

CONTACT DETAILS:

Velocity Jon Bridges, CEO Alan Kershaw, CFO	c/o Camarco Tel: [phone]
finnCap (Nominated Adviser and Broker) Adrian Hargrave, Scott Mathieson, Kate Bannatyne (Corporate Finance) Christian Hobart, Tim Redfern, (Corporate Broking)	Tel: [phone]
Camarco (Financial PR) Georgia Edmonds / Ed Gascoigne-Pees / James Crothers	Tel: [phone]

 

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