Director/PDMR Shareholding

RNS Number : 8847S
Velocys PLC
19 July 2022
 

19 July 2022

Velocys plc

("Velocys" or the "Company")

Director's Shareholding

Velocys plc (VLS.L), the sustainable fuels technology company, announces that the following director has purchased Ordinary Shares of 1 penny each in the Company ("Shares").  Details of the purchase and resultant holding are as follows:

Director

Date of
purchase

Number
of Shares purchased

Purchase
price

Total
Shares
held

% ISC held following
purchase

Philip Sanderson (Chief Financial Officer)

18 July 2022

200,000

4.3 pence

200,000

0.01%

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

Philip Thomas Edward Sanderson

2

Reason for the notification

a)

Position/status

Chief Financial Officer

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

Identification code

Ordinary Shares of 1 penny each

 

 

ISIN: GB00B11SZ269

b)

Nature of the transaction

Purchase of shares

 

c)

Price(s) and volume(s)

 Price

No. of shares

4.3 pence 

200,000

d)

Aggregated information

- Aggregated volume

- Price

 

 

Volume:  200,000

Price:  4.3 Pence

e)

Date of the transaction

18 July 2022

f)

Place of the transaction

London Stock Exchange

 

For further information, please contact:

Velocys

Henrik Wareborn, CEO

Philip Sanderson, CFO

Lak Siriwardene, Director of Communications & Sustainability

 

+44 1865 800821

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

Hugh Rich (Corporate Broking)

Emma Earl (Corporate Finance)
John Prior (Corporate Finance)

 

+44 20 7886 2500

Shore Capital Stockbrokers Limited (Joint Broker)

Henry Willcocks (Corporate Broking)

Toby Gibbs (Corporate Advisory)

James Thomas (Corporate Advisory)

+44 20 7408 4090

Radnor Capital (Investor Relations)

Joshua Cryer

Iain Daly

+44 20 3897 1830

 

Buchanan (Financial PR)

Helen Tarbet

Simon Compton

+44 20 7466 5000

Notes to Editors

 

Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions.

 

Two reference projects (Bayou Fuels, US, and Altalto, UK) 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 carbon sequestration.

Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.

www.velocys.com

 

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Velocys plc (VLS)
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