Result of AGM

RNS Number : 9371T

Velocity Composites PLC

25 March 2019

 

25^th March 2019

Results of AGM

Velocity Composites plc ("Velocity" or the "Company"), a provider of highly engineered kits for the aerospace industry, announces that all resolutions put to shareholders at the Annual General Meeting held today have been passed. As announced earlier today, the Chairperson of the AGM withdrew resolutions 3,7,8 and 9.

Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.velocity-composites.com.

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Velocity Brian Tenner, Senior Independent Director	c/o Camarco Tel: [phone]
finnCap (Nominated Adviser and Broker) Ed Frisby / Scott Mathieson / Hannah Boros (Corporate Finance) Tim Redfern (ECM)	Tel: [phone]
Camarco (Financial PR) Ed Gascoigne Pees / Georgia Edmonds / James Crothers	Tel: [phone]

About Velocity Composites

Velocity Composites is a manufacturer of advanced composite material kits for the aerospace industry disrupting the composites supply chain to deliver engineered waste reduction solutions for its customers to build aircraft components using less time and material. The Company's customers include multi-national manufacturers of composite parts and assemblies, who in turn deliver to the world's leading civil and military aircraft manufacturers. The Airbus A320, A330, A350, A380, Eurofighter Typhoon, F35 Joint Strike Fighter and Boeing 737, 787 and V22 Osprey are all constructed using parts manufactured from Velocity's kits. The Company's business model reduces the operating costs of preparing composite materials ahead of their usage in the construction of an aircraft part and as such, its offering is disposed to being self-financing for aircraft parts' manufacturers. Velocity's services are seeing increased demand as the global aircraft industry enters a more-for-less era. Velocity currently has customers in the UK and Continental Europe.

 

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