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RNS Number : 1327Q
Velocity Composites PLC
16 October 2019
 

16 October 2019

 

Velocity Composites plc 

("Velocity" or the "Company")

 

Director/PDMR Shareholding

 

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, has been informed that Andy Beaden, non-executive Chairman of the Company, has today purchased 50,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 20.70 pence per Ordinary Share.  In addition, Mr Beaden's wife, Mrs Suzanne Beaden, has also today purchased 50,000 Ordinary Shares at an average price of 22.238 pence per Ordinary Share.

 

Mr Beaden now has a beneficial interest in a total of 150,000 Ordinary Shares representing approximately 0.42% of the issued share capital of the Company.

 

 

Enquiries

 

Velocity Composites plc

Jon Bridges, CEO

 

 

01282 577 577

Cenkos Securities plc

(Nominated Adviser)

Russell Cook

Ben Jeynes

 

 

020 7397 8900

Camarco

(Financial PR)

Ed Gascoigne Pees

Georgia Edmonds

James Crothers

020 3757 4980

 

 

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/

Suzanne Gail Beaden

2

Reason for the notification

a)

Position/status

Non-Executive Chairman

PCA of 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)

 

£0.200
£0.214
£0.2255
£0.21925

 

25,000
25,000
25,000
25,000

d)

Aggregated information



Aggregated volume

100,000


Price

£0.2147

e)

Date of the transaction

16 October 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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