Director/PDMR Shareholding

RNS Number : 3051O

Velocity Composites PLC

30 January 2023

 

30 January 2023

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 on 20 January 2023, Jon Bridges, Chief Executive Officer, dematerialised his certificated shareholding in the Company and transferred his entire holding of 5,515,929 Ordinary Shares in the Company into CREST, registered in the name of HL Nominees Limited.  Following the transaction, Mr Bridges' beneficial interest in the Company remains unchanged.

Enquiries:

Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer	[phone]
Cenkos Securities plc Nominated Adviser and Broker Katy Birkin Ben Jeynes	[phone]
SEC Newgate Financial PR Robin Tozer George Esmond Harry Handyside	[phone] [e-mail]

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	Jonathan Karl Bridges
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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	Transfer of Ordinary Shares from certificated form into CREST broking account
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		Nil	5,515,929
d)	Aggregated information	N/A single transaction
	Aggregated volume	N/A single transaction
	Price	Nil
e)	Date of the transaction	20 January 2023
f)	Place of the transaction	XOFF

 

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