TIDMVEL

RNS Number : 6778R

Velocity Composites PLC

30 October 2019

30 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 a further 25,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 28.8 pence per Ordinary Share.

Mr Beaden now has a beneficial interest in a total of 400,000 Ordinary Shares representing approximately 1.11% 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 
      ----------------------------------------  --------------------------------- 
 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              Ordinary shares of 0.25p each 
        instrument, type of instrument 
      ----------------------------------------  --------------------------------- 
       Identification code                       GB00BF339H01 
      ----------------------------------------  --------------------------------- 
 b)    Nature of the transaction                 Purchase of ordinary shares 
      ----------------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)                      Price(s)         Volume(s) 
      ----------------------------------------  ----------------  --------------- 
                                                        GBP0.288           25,000 
  --------------------------------------------------------------  --------------- 
 d)    Aggregated information 
      ----------------------------------------------------------  --------------- 
  Aggregated volume                         n/a 
 ----------------------------------------  -------------------------------------- 
  Price                                     n/a 
 ----------------------------------------  -------------------------------------- 
 e)    Date of the transaction                   30 October 2019 
      ----------------------------------------  --------------------------------- 
 f)    Place of the transaction                  AIMX 
      ----------------------------------------  --------------------------------- 
 

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END

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October 30, 2019 10:52 ET (14:52 GMT)

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