5 March 2025
Velocity Composites plc
("Velocity", the "Company", the "Group")
PDMR/Director shareholding
Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, has been notified that Annette Rothwell, non-executive director, transferred 73,285 ordinary shares of 0.25 pence each ("Ordinary Shares") from her own name into her personal ISA. Annette Rothwell's combined beneficial holding remains unchanged at 78,547 Ordinary Shares, which represents approximately 0.15 per cent. of the voting rights in the Company.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further details.
Enquiries:
| Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer Rob Smith, Group Chief Financial Officer
| +44 (0) 1282 577577 |
| Canaccord Genuity Limited Nominated Adviser and Joint Broker Max Hartley George Grainger
| +44 (0) 20 7523 8000 |
| 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 |
About Velocity Composites plc
Based in Burnley, UK, Velocity is the leading supplier of composite material kits to aerospace, that reduce costs and improve sustainability. Customers include Airbus, Boeing, and GKN.
By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business. Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.
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 | Annette Rothwell | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| 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 0.25 pence each | ||||
|
| Identification code | GB00BF339H01 | ||||
| b) | Nature of the transaction | Sale of 73,285 shares from own account and purchase of 73,285 shares into a personal ISA. | ||||
| c) | Price(s) and volumes(s) |
| ||||
| d) | Aggregated information | N/A single transaction | ||||
|
| Aggregated volume | N/A single transaction | ||||
|
| Aggregated Price | N/A single transaction | ||||
| e) | Date of the transaction | 4 March 2025 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
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