Result of AGM

RNS Number : 1016E

Velocity Composites PLC

25 February 2020

 

25 February 2020

VELOCITY COMPOSITES PLC

("Velocity" or the "Company")

Results of AGM

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that all resolutions put to shareholders at the Annual General Meeting held today have been passed.

Full details of each resolution were set out in the Notice of Annual General Meeting in the Annual Report and Financial Statements which is available on the Company's website at  www.velocity-composites.com .

Enquiries:

Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer	[phone]
Cenkos Securities (Nominated Adviser and Broker) Russell Cook / Ben Jeynes (Corporate Finance)	[phone]
Belvedere Communications (Financial PR) Cat Valentine Keeley Clarke Llew Angus	[e-mail] [phone] [phone] [phone]

About Us

Velocity Composites is a manufacturer of composite material kits for the aerospace industry, delivering engineered kits for its customers to build component parts. The Company's clients include multi-national manufacturers of composite parts and assemblies, who in turn deliver to the world's leading civil and military aircraft manufacturers. The Airbus A330, A350, A380, Eurofighter Typhoon, F35 Joint Strike Fighter and Bell Boeing V22 Osprey are all constructed using parts manufactured from Velocity's kits. The Company's business model reduces the operating costs of preparing composite materials ahead of their usage in the construction of an aircraft part and as such, its offering is disposed to being self-financing for aircraft parts' manufacturers. Velocity Composites also exports to Denmark, France, and Belgium.

 

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