Result of AGM

Velocity Composites PLC
12 March 2024
 

 

12 March 2024

 

 

Velocity Composites plc

("Velocity" or the "Company")

 

Results of Annual General Meeting

Velocity Composites plc (AIM: VEL.L), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, announces that the resolutions put to Shareholders at the Annual General Meeting of the Company held earlier today were duly passed.

The votes cast at the Annual General Meeting, including proxy votes, were as follows:

Resolution Number

Number of Votes For

% of Votes For

Number of Votes  Against

% of Votes Against

Number of Votes Withheld

1

27,687,479

100.00%

1,000

0.00%

8,496

2

26,749,906

97.01%

12,797

0.05%

123,072

3

27,680,249

99.97%

9,412

0.03%

7,314

4

27,681,768

99.97%

7,893

0.03%

7,314

5

27,680,071

99.97%

9,590

0.03%

7,314

6

27,680,497

99.97%

9,164

0.03%

7,314

7

27,687,142

99.99%

2,519

0.01%

7,314

8

27,480,401

99.79%

58,262

0.21%

158,312

9

23,133,938

84.01%

4,404,399

15.99%

158,638

10

23,248,283

84.10%

4,396,052

15.90%

52,640

11

26,098,359

99.91%

23,494

0.09%

1,575,122

 

A "vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" and resolution.

 

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

 

 

About Velocity Composites plc

Based in Burnley, UK, Velocity is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability.  Customers include Airbus, Boeing, and GKN.

 

By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business.  Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.

 

 

 

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