8 April 2024
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 Andrew Beaden, Chairman, today purchased 100,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares") at 30.35 pence per Ordinary Share into his SIPP.
Following this purchase, Mr Beaden holds a beneficial interest in 680,975 Ordinary Shares representing approximately 1.27 per cent. of the Company's issued share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.
Enquiries:
| Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer Andrew Hebb, Interim Chief Financial Officer
| +44 (0) 1282 577577 |
| Cavendish Capital Markets Limited Nominated Adviser and Joint Broker Katy Birkin Ben Jeynes George Lawson
| +44 (0) 20 7220 0500 |
| Dowgate Capital Limited Joint Broker Russell Cook Nick Chambers
| +44 (0) 20 3903 7715 |
| SEC Newgate Financial Communications Robin Tozer George Esmond Harry Handyside | +44 (0)7540 106 366 velocity@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 | Andrew Michael Beaden | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-executive Chairman | |
| 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 | Purchase of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £0.3035 | 100,000 | ||
| d) | Aggregated information | N/A single transaction | |
| | Aggregated volume | N/A single transaction | |
| | Price | N/A single transaction | |
| e) | Date of the transaction | 8 April 2024 | |
| f) | Place of the transaction | AIMX | |
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