Information  X 
Enter a valid email address

Velocys PLC (VLS)

  Print      Mail a friend       Annual reports

Friday 02 February, 2018

Velocys PLC

Director/PDMR Shareholding

RNS Number : 8013D
Velocys PLC
02 February 2018
 

News release

Velocys plc

("Velocys" or the "Company")

2 February 2018

Disclosure re Directors' Participation in Placing and Open Offer

 

Velocys plc (VLS.L), the renewable fuels company, announces that, further to the announcement on 15 January 2018 stating the intention of the Directors of the Company to subscribe for an aggregate of 450,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 10p per new Ordinary Share as part of the Capital Raising, the corresponding disclosure forms summarised below have today been submitted online to the FCA in relation to these transactions.

 

The resultant interests in the shares of parent company undertakings of the Directors who subscribed (including those of the spouse or civil partner and children under 18) are:

 

Director

Number of Ordinary Shares held

Percentage of entire issued share capital

1.   Pierre Jungels

423,031

0.13%

2.   David Pummell

  50,000

0.02%

3.   Sandra Shaw

117,758

0.04%

4.   Andrew Morris

100,000

0.03%

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.   Pierre Jungels

2.   David Pummell

3.   Cecil Shaw

4.   Andrew Morris

2.

Reason for the notification

a)

Position / status

1.   Non-executive Chairman

2.   Chief Executive Officer

3.   Person closely associated with a PDMR - Sandra Shaw, Non-executive Director

4.   Non-executive Director

b)

Initial notification / amendment

Initial notification

3.

Details of issuer

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

Identification Code

Ordinary Shares of 1p each

 

1.   GB00BFNX4971

2.   GB00B11SZ269

3.   GB00B11SZ269

4.   GB00B11SZ269

b)

Nature of the transaction

Subscription for new Ordinary Shares.

The transaction is not linked to the exercise of a share option programme.

c)

Price(s) and volume(s)

Director/PCA Name

Price

Volume

1.        Pierre Jungels

10p

200,000

2.        David Pummell

10p

  50,000

3.        Cecil Shaw

10p

100,000

4.        Andrew Morris

10p

100,000

d)

Aggregated information

Aggregated volume Price

 N/A

e)

Date of the transactions

Director/PCA Name

Date of Transaction

1.   Pierre Jungels

2018-02-01 GMT

2.   David Pummell

2018-02-01 GMT

3.   Cecil Shaw

2018-02-01 GMT

4.   Andrew Morris

2018-02-01 GMT

f)

Place of the transaction

Outside a trading venue 

 

 

 

- Ends -

For further information, please contact:

Velocys

David Pummell, CEO

 

+44 1235 838 621

 

Numis Securities (Nomad and joint broker)

Alex Ham

Stuart Skinner

Jamie Lillywhite

Tom Ballard

 

+44 20 7260 1000

Canaccord Genuity (Joint broker)

Henry Fitzgerald-O'Connor

Ben Griffiths

+44 20 7523 8000

 

 

 

Camarco (Financial communications & PR)

Billy Clegg

Georgia Edmonds

Tom Huddart

+44 20 3757 4983

 

 

 

 

www.velocys.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHMMGGZZZGGRZM

a d v e r t i s e m e n t