Result of AGM

Velocity Composites PLC

12 March 2024

 

12 March 2024

Velocity Composites plc

("Velocity" or the "Company")

Results of Annual General Meeting

Velocity Composites plc (AIM: VEL.L), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, announces that the resolutions put to Shareholders at the Annual General Meeting of the Company held earlier today were duly passed.

The votes cast at the Annual General Meeting, including proxy votes, were as follows:

Resolution Number	Number of Votes For	% of Votes For	Number of Votes  Against	% of Votes Against	Number of Votes Withheld
1	27,687,479	100.00%	1,000	0.00%	8,496
2	26,749,906	97.01%	12,797	0.05%	123,072
3	27,680,249	99.97%	9,412	0.03%	7,314
4	27,681,768	99.97%	7,893	0.03%	7,314
5	27,680,071	99.97%	9,590	0.03%	7,314
6	27,680,497	99.97%	9,164	0.03%	7,314
7	27,687,142	99.99%	2,519	0.01%	7,314
8	27,480,401	99.79%	58,262	0.21%	158,312
9	23,133,938	84.01%	4,404,399	15.99%	158,638
10	23,248,283	84.10%	4,396,052	15.90%	52,640
11	26,098,359	99.91%	23,494	0.09%	1,575,122

A "vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" and resolution.

Enquiries:

Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer Andrew Hebb, Interim Chief Financial Officer	[phone]
Cavendish Capital Markets Limited Nominated Adviser and Joint Broker Katy Birkin Ben Jeynes George Lawson	[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 and other high-performance manufacturers, 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.

 

END