Velocity Composites PLC Exercise of Share Options (5140C)
10 Febbraio 2020 - 2:00PM
UK Regulatory
TIDMVEL
RNS Number : 5140C
Velocity Composites PLC
10 February 2020
10 February 2020
Velocity Composites plc
("Velocity" or the "Company")
Exercise of Share Options
Velocity Composites plc (AIM: VEL.L), the leading supplier of
advanced composite material kits to the aerospace market, announces
that it has received notification from two employees of the Company
for the exercise of options over a total of 70,000 Velocity
ordinary shares of 0.25 pence each ("Option Shares").
Application has been made for the Option Shares to be admitted
to trading on AIM which is expected to occur on 14 February 2020.
The Option Shares will rank pari passu in all respects with the
Company's existing ordinary shares of 0.25 pence each ("Ordinary
Shares").
Following the issue of the Option Shares the Company has a total
of 35,986,179 Ordinary Shares in issue. No Ordinary Shares are held
in treasury. The figure of 35,986,179 may be used by the Company's
shareholders as the denominator in the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
Velocity Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer +44 (0) 1282 577577
Cenkos Securities plc
Nominated Adviser and Broker
Russell Cook
Ben Jeynes +44 (0) 20 7397 4000
Belvedere Communications VelocityPR@belvederpr.com
Financial PR +44 (0) 7715 769 078
Cat Valentine +44 (0) 7967 816 525
Keeley Clarke +44 (0) 7407 023 147
Llew Angus
About Velocity
Velocity Composites is a manufacturer of composite material kits
for the aerospace industry, delivering engineered kits for its
customers to build component parts. The Company's clients include
multi-national manufacturers of composite parts and assemblies, who
in turn deliver to the world's leading civil and military aircraft
manufacturers. The Airbus A330, A350, A380, Eurofighter Typhoon,
F35 Joint Strike Fighter and Bell Boeing V22 Osprey are all
constructed using parts manufactured from Velocity's kits. The
Company's business model reduces the operating costs of preparing
composite materials ahead of their usage in the construction of an
aircraft part and as such, its offering is disposed to being
self-financing for aircraft parts' manufacturers. Velocity
Composites also exports to Denmark, France, and Belgium.
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
IOEFLFEFFTIILII
(END) Dow Jones Newswires
February 10, 2020 08:00 ET (13:00 GMT)
Grafico Azioni Velocity Composites (LSE:VEL)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Velocity Composites (LSE:VEL)
Storico
Da Apr 2023 a Apr 2024