Director/PDMR Shareholding

RNS Number : 8013D

Velocys PLC

02 February 2018

 

News release

Velocys plc

("Velocys" or the "Company")

2 February 2018

Disclosure re Directors' Participation in Placing and Open Offer

Velocys plc (VLS.L), the renewable fuels company, announces that, further to the announcement on 15 January 2018 stating the intention of the Directors of the Company to subscribe for an aggregate of 450,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 10p per new Ordinary Share as part of the Capital Raising, the corresponding disclosure forms summarised below have today been submitted online to the FCA in relation to these transactions.

The resultant interests in the shares of parent company undertakings of the Directors who subscribed (including those of the spouse or civil partner and children under 18) are:

Director	Number of Ordinary Shares held	Percentage of entire issued share capital
1.   Pierre Jungels	423,031	0.13%
2.   David Pummell	50,000	0.02%
3.   Sandra Shaw	117,758	0.04%
4.   Andrew Morris	100,000	0.03%

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Pierre Jungels 2.   David Pummell 3.   Cecil Shaw 4.   Andrew Morris
2.	Reason for the notification
a)	Position / status	1.   Non-executive Chairman 2.   Chief Executive Officer 3.   Person closely associated with a PDMR - Sandra Shaw, Non-executive Director 4.   Non-executive Director
b)	Initial notification / amendment	Initial notification
3.	Details of issuer
a)	Name	Velocys plc
b)	LEI	549300KGMQV70HA5Y715
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 Identification Code	Ordinary Shares of 1p each 1.   GB00BFNX4971 2.   GB00B11SZ269 3.   GB00B11SZ269 4.   GB00B11SZ269
b)	Nature of the transaction	Subscription for new Ordinary Shares. The transaction is not linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	Director/PCA Name Price Volume 1.        Pierre Jungels 10p 200,000 2.        David Pummell 10p   50,000 3.        Cecil Shaw 10p 100,000 4.        Andrew Morris 10p 100,000
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transactions	Director/PCA Name Date of Transaction 1.   Pierre Jungels 2018-02-01 GMT 2.   David Pummell 2018-02-01 GMT 3.   Cecil Shaw 2018-02-01 GMT 4.   Andrew Morris 2018-02-01 GMT
f)	Place of the transaction	Outside a trading venue

- Ends -

For further information, please contact:

Velocys David Pummell, CEO	[phone]
Numis Securities (Nomad and joint broker) Alex Ham Stuart Skinner Jamie Lillywhite Tom Ballard	[phone]
Canaccord Genuity (Joint broker) Henry Fitzgerald-O'Connor Ben Griffiths	[phone]
Camarco (Financial communications & PR) Billy Clegg Georgia Edmonds Tom Huddart	[phone]

www.velocys.com

 

END

 

 

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