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Velocys PLC (VLS)

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Friday 02 August, 2019

Velocys PLC

Disclosure re Directors' Participation in Placing

RNS Number : 6511H
Velocys PLC
02 August 2019
 

News release

Velocys plc

("Velocys" or the "Company")

2 August 2019

Disclosure re Directors' Participation in Placing

 

Velocys plc (VLS.L), the renewable fuels technology company, announces that, further to the announcement on 15 July 2019 advising the subscription by the Directors of the Company for an aggregate of 2,499,998 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 3p per new Ordinary Share as part of the Placing, 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

923,031

0.14%

2.   Henrik Wareborn

1,666,666

0.26%

3.   Andrew Morris

433,333

0.07%

4.   Philip Holland

333,333

0.05%

5.   Sandra Shaw

451,091

0.07%

6.   Darran Messem

333,333

0.05%

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.   Pierre Jungels

2.   Henrik Wareborn

3.   Andrew Morris

4.   Philip Holland

5.   Cecil Shaw

6.   Darran Messem

2.

Reason for the notification

a)

Position / status

1.   Non-executive Chairman

2.   Chief Executive Officer

3.   Chief Financial Officer

4.   Senior Independent Director

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

6.   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.   GB00B11SZ269

2.   GB00B11SZ269

3.   GB00B11SZ269

4.   GB00B11SZ269

5.   GB00B11SZ269

6.   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

3p

500,000

2.        Henrik Wareborn

3p

666,666

3.        Andrew Morris

3p

333,333

4.        Philip Holland

3p

333,333

5.        Cecil Shaw

3p

333,333

6.        Darran Messem

3p

333,333

d)

Aggregated information

Aggregated volume Price

 N/A

e)

Date of the transactions

Director/PCA Name

Date of Transaction

1.   Pierre Jungels

2019-08-02 GMT

2.   Henrik Wareborn

2019-08-02 GMT

3.   Andrew Morris

2019-08-02 GMT

4.   Philip Holland

2019-08-02 GMT

5.   Cecil Shaw

2019-08-02 GMT

6.   Darran Messem

2019-08-02 GMT

f)

Place of the transaction

Outside a trading venue 

 

 

 

- Ends -

For further information, please contact:

Velocys

Henrik Wareborn, CEO

 

+44 1235 838 621

 

Numis Securities (Nomad and joint broker)

Alex Ham

Stuart Skinner

Tom Ballard

 

+44 20 7260 1000

Canaccord Genuity (Joint broker)

Henry Fitzgerald-O'Connor

James Asensio

+44 20 7523 8000

 

 

 

Camarco (Financial communications & PR)

Billy Clegg

Tom Huddart

+44 20 3757 4983

 

 

 

 

www.velocys.com

 

 


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