30 January 2023
Velocity Composites plc
("Velocity" or the "Company")
Director PDMR Shareholding
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that on 20 January 2023, Jon Bridges, Chief Executive Officer, dematerialised his certificated shareholding in the Company and transferred his entire holding of 5,515,929 Ordinary Shares in the Company into CREST, registered in the name of HL Nominees Limited. Following the transaction, Mr Bridges' beneficial interest in the Company remains unchanged.
Enquiries:
| Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer
| +44 (0) 1282 577577 |
|
Cenkos Securities plc Nominated Adviser and Broker Katy Birkin Ben Jeynes
|
+44 (0) 20 7397 4000 |
| SEC Newgate Financial PR Robin Tozer George Esmond Harry Handyside
| +44 (0)7540 106 366 velocitycomposites@secnewgate.co.uk |
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 | Jonathan Karl Bridges | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Velocity Composites plc | |
| b) | LEI | 213800W4W46J8HGZP672 | |
| 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 0.25p each | |
| | Identification code | GB00BF339H01 | |
| b) | Nature of the transaction | Transfer of Ordinary Shares from certificated form into CREST broking account | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| Nil | 5,515,929 | ||
| d) | Aggregated information | N/A single transaction | |
| | Aggregated volume | N/A single transaction | |
| | Price | Nil | |
| e) | Date of the transaction | 20 January 2023 | |
| f) | Place of the transaction | XOFF | |
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