Disclosure re Directors' Participation in Placing

RNS Number : 6511H

Velocys PLC

02 August 2019

 

News release

Velocys plc

("Velocys" or the "Company")

2 August 2019

Disclosure re Directors' Participation in Placing

Velocys plc (VLS.L), the renewable fuels technology company, announces that, further to the announcement on 15 July 2019 advising the subscription by the Directors of the Company for an aggregate of 2,499,998 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 3p per new Ordinary Share as part of the Placing, 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	923,031	0.14%
2.   Henrik Wareborn	1,666,666	0.26%
3.   Andrew Morris	433,333	0.07%
4.   Philip Holland	333,333	0.05%
5.   Sandra Shaw	451,091	0.07%
6.   Darran Messem	333,333	0.05%

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Pierre Jungels 2.   Henrik Wareborn 3.   Andrew Morris 4.   Philip Holland 5.   Cecil Shaw 6.   Darran Messem
2.	Reason for the notification
a)	Position / status	1.   Non-executive Chairman 2.   Chief Executive Officer 3.   Chief Financial Officer 4.   Senior Independent Director 5.   Person closely associated with a PDMR - Sandra Shaw, Non-executive Director 6.   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.   GB00B11SZ269 2.   GB00B11SZ269 3.   GB00B11SZ269 4.   GB00B11SZ269 5.   GB00B11SZ269 6.   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 3p 500,000 2.        Henrik Wareborn 3p 666,666 3.        Andrew Morris 3p 333,333 4.        Philip Holland 3p 333,333 5.        Cecil Shaw 3p 333,333 6.        Darran Messem 3p 333,333
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transactions	Director/PCA Name Date of Transaction 1.   Pierre Jungels 2019-08-02 GMT 2.   Henrik Wareborn 2019-08-02 GMT 3.   Andrew Morris 2019-08-02 GMT 4.   Philip Holland 2019-08-02 GMT 5.   Cecil Shaw 2019-08-02 GMT 6.   Darran Messem 2019-08-02 GMT
f)	Place of the transaction	Outside a trading venue

- Ends -

For further information, please contact:

Velocys Henrik Wareborn, CEO	[phone]
Numis Securities (Nomad and joint broker) Alex Ham Stuart Skinner Tom Ballard	[phone]
Canaccord Genuity (Joint broker) Henry Fitzgerald-O'Connor James Asensio	[phone]
Camarco (Financial communications & PR) Billy Clegg Tom Huddart	[phone]

www.velocys.com

 

END

 

 

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