TIDMVEL

RNS Number : 1327Q

Velocity Composites PLC

16 October 2019

16 October 2019

Velocity Composites plc

("Velocity" or the "Company")

Director/PDMR Shareholding

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, has been informed that Andy Beaden, non-executive Chairman of the Company, has today purchased 50,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 20.70 pence per Ordinary Share. In addition, Mr Beaden's wife, Mrs Suzanne Beaden, has also today purchased 50,000 Ordinary Shares at an average price of 22.238 pence per Ordinary Share.

Mr Beaden now has a beneficial interest in a total of 150,000 Ordinary Shares representing approximately 0.42% of the issued share capital of the Company.

Enquiries

 
 Velocity Composites plc 
  Jon Bridges, CEO          01282 577 577 
 Cenkos Securities plc 
  (Nominated Adviser) 
  Russell Cook 
  Ben Jeynes                020 7397 8900 
 Camarco 
  (Financial PR) 
  Ed Gascoigne Pees 
  Georgia Edmonds 
  James Crothers            020 3757 4980

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Andrew Michael Beaden/ 
                                               Suzanne Gail Beaden 
      -------------------------------------  --------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status                        Non-Executive Chairman 
                                               PCA of Non-Executive Chairman 
      -------------------------------------  --------------------------------- 
 b)    Initial notification/Amendment         Initial Notification 
      -------------------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                                   Velocity Composites plc 
      -------------------------------------  --------------------------------- 
 b)    LEI                                    213800W4W46J8HGZP672 
      -------------------------------------  --------------------------------- 
 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           Ordinary shares of 0.25p each 
        instrument, type of instrument 
      -------------------------------------  --------------------------------- 
       Identification code                    GB00BF339H01 
      -------------------------------------  --------------------------------- 
 b)    Nature of the transaction              Purchase of ordinary shares 
      -------------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)                    Price(s)         Volume(s) 
      -------------------------------------  ------------------  ------------- 
 
                                                       GBP0.200         25,000 
                                                       GBP0.214         25,000 
                                                      GBP0.2255         25,000 
                                                     GBP0.21925         25,000 
 ------------------------------------------  ------------------  ------------- 
 d)    Aggregated information 
      -------------------------------------  --------------------------------- 
  Aggregated volume                           100,000 
 ------------------------------------------  --------------------------------- 
  Price                                       GBP0.2147 
 ------------------------------------------  --------------------------------- 
 e)    Date of the transaction                16 October 2019 
      -------------------------------------  --------------------------------- 
 f)    Place of the transaction               London Stock Exchange (XLON) 
      -------------------------------------  ---------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHEQLFFKBFBFBX

(END) Dow Jones Newswires

October 16, 2019 11:06 ET (15:06 GMT)

Velocity Composites (LSE:VEL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Velocity Composites Charts.
Velocity Composites (LSE:VEL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Velocity Composites Charts.