Director/PDMR Dealings

RNS Number : 9644V
Velocys PLC
17 December 2021
 

Velocys plc

("Velocys" or the "Company")

Director/PDMR Dealings

Velocys plc (VLS.L), the sustainable fuels technology company, announces that further to the announcement on 25 November 2021 detailing the proposed Placing and Open Offer and the Circular sent to shareholders on 29 November 2021, which contained details advising the proposed subscription by certain of the directors of the Company, the following Directors' dealings as part of the Placing and Open Offer have completed:

Andrew Morris, Chief Financial Officer, has subscribed for 125,000 New Ordinary Shares through the Open Offer at the Issue Price of 8 pence per Ordinary Share.

Philip Holland, Non-Executive Chairman, has subscribed for 125,000 New Ordinary Shares through the Open Offer at the Issue Price of 8 pence per Ordinary Share.

Darran Messem, Non-Executive Director, has subscribed for 125,000 New Ordinary Shares through the Placing at the Issue Price of 8 pence per Ordinary Share.

Ann Markey, Non-Executive Director, has subscribed for 125,000 New Ordinary Shares through the Placing at the Issue Price of 8 pence per Ordinary Share.

Thomas Quigley, Non-Executive Director, has subscribed for 125,000 New Ordinary Shares through the Placing at the Issue Price of 8 pence per Ordinary Share.

Details of the Ordinary Shares held by these Directors are detailed in the table below:

Director/ PDMR

Position

Existing interest in Ordinary Shares

Ordinary Shares purchased

Total beneficial interest in Ordinary Shares

Total interest in Company's issued share capital

Andrew Morris

Chief Financial Officer

1,047,817

125,000

1,172,817

0.08%

Philip Holland

Non-Executive Chairman

1,203,118

125,000

1,328,118

0.09%

Darran Messem

Non-Executive Director

433,333

125,000

558,333

0.04%

Ann Markey

Non-Executive Director

-

125,000

125,000

0.01%

Thomas Quigley

Non-Executive Director

-

125,000

125,000

0.01%

 

The notification set out below, provides further details of such dealings:

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Names

 

a)  Andrew Mrorris

b)  Philip Holland

c)  Darran Messem

d)  Ann Markey

e)  Thomas Quigley

2

 

Reason for the notification

 

a)

 

Position/status

 

a)  Chief Financial Officer

b)  Non-Executive Chairman

c)  Non-Executive Director

d)  Non-Executive Director

e)  Non-Executive Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Velocys plc

b)

 

LEI

 

549300KGMQV70HA5Y715

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 1 pence each



Identification code

GB00B11SZ269



b)

 

Nature of the transaction

 

Purchase of Ordinary Shares 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




a) 8 pence

a) 125,000




b) 8 pence

b) 125,000




c) 8 pence

c) 125,000




d) 8 pence

d) 125,000




e) 8 pence

e) 125,000







d)

 

Aggregated information




- Aggregated volume

625,000



- Price

8 pence per share



e)

 

Date of the transaction

 

17 December 2021

f)

 

Place of the transaction

XLON

 

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the circular sent to shareholders of the Company on 29 November 2021.

 

Enquiries:

Velocys

Henrik Wareborn, CEO

Andrew Morris, CFO

Lak Siriwardene, Director of Communications & Sustainability

+44 1865 800821



Panmure Gordon (UK) Limited (Nomad and Joint Broker)

Emma Earl (Corporate Finance)

John Prior (Corporate Finance)

Hugh Rich (Corporate Broking)

+44 20 7886 2500



Shore Capital Stockbrokers Limited (Joint Broker)

Henry Willcocks (Corporate Broking)

Toby Gibbs (Corporate Advisory)

James Thomas (Corporate Advisory)

Liam Zabludowicz (Corporate Advisory)

+44 20 7408 4090



Buchanan (Financial PR)

Helen Tarbet

Simon Compton

+44 20 7466 5000



R adnor Capital (Investor Relations)

Joshua Cryer

Iain Daly

+44 20 3897 1830

 

 

 

 

 

Notes to Editors

 

Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing clients with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. SAF ('Sustainable Aviation Fuel') is the only commercially available, permanent alternative to fossil aviation fuels.

The technology is IP-protected in all major jurisdictions.

Two reference projects in the US and UK (Bayou Fuels and Altalto) are designed to accelerate the adoption and standardise the Velocys proprietary Fischer Tropsch (FT) technology with an integrated end to end solution, including renewable power and sequestration. Velocys is enabling commercial scale SAF production in response to the clean energy transition.

Velocys technology pathway is enabling the next generation of low carbon sustainable fuels with significant additional positive air quality impacts.

www.velocys.com

 

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