Velocity Composites PLC Director/PDMR Shareholding
April 08 2024 - 11:38AM
RNS Regulatory News
RNS Number : 7368J
Velocity Composites PLC
08 April 2024
8 April 2024
Velocity Composites
plc
("Velocity" or the
"Company")
Director PDMR
Shareholding
Velocity Composites plc (AIM:
VEL.L), the leading supplier of advanced composite material kits to
the aerospace market, announces that Andrew
Beaden, Chairman, today purchased 100,000
ordinary shares of 0.25p each in the Company ("Ordinary Shares") at
30.35 pence per Ordinary Share into his SIPP.
Following this purchase, Mr Beaden holds a
beneficial interest in 680,975 Ordinary Shares representing
approximately 1.27 per cent. of the Company's issued share
capital.
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides further details.
Enquiries:
|
Velocity
Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer
Andrew Hebb, Interim Chief Financial
Officer
|
+44 (0) 1282 577577
|
|
Cavendish
Capital Markets Limited
Nominated
Adviser and Joint Broker
Katy Birkin
Ben Jeynes
George Lawson
|
+44 (0) 20 7220 0500
|
|
Dowgate
Capital Limited
Joint
Broker
Russell Cook
Nick Chambers
|
+44 (0) 20 3903 7715
|
|
SEC
Newgate
Financial
Communications
Robin Tozer
George Esmond
Harry Handyside
|
+44 (0)7540 106 366
velocity@secnewgate.co.uk
|
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
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
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 instrument, type
of instrument
|
Ordinary shares of 0.25p each
|
|
|
Identification code
|
GB00BF339H01
|
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares
|
|
c)
|
Price(s) and volumes(s)
|
Price(s)
|
Volume(s)
|
|
£0.3035
|
100,000
|
|
d)
|
Aggregated information
|
N/A single transaction
|
|
|
Aggregated volume
|
N/A single transaction
|
|
|
Price
|
N/A single transaction
|
|
e)
|
Date of the transaction
|
8 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
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END
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