TIDMVEL

RNS Number : 1016E

Velocity Composites PLC

25 February 2020

25 February 2020

VELOCITY COMPOSITES PLC

("Velocity" or the "Company")

Results of AGM

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that all resolutions put to shareholders at the Annual General Meeting held today have been passed.

Full details of each resolution were set out in the Notice of Annual General Meeting in the Annual Report and Financial Statements which is available on the Company's website at www.velocity-composites.com .

Enquiries:

 
 Velocity Composites plc 
  Andy Beaden, Chairman 
  Jon Bridges, Chief Executive Officer          +44 (0) 1282 577577 
 Cenkos Securities (Nominated Adviser 
  and Broker) 
  Russell Cook / Ben Jeynes (Corporate 
  Finance)                                     +44 (0) 20 7397 4000 
 Belvedere Communications (Financial      VelocityPR@belvederpr.com 
  PR)                                          +44 (0) 7715 769 078 
  Cat Valentine                                +44 (0) 7967 816 525 
  Keeley Clarke                                +44 (0) 7407 023 147 
  Llew Angus

About Us

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

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(END) Dow Jones Newswires

February 25, 2020 10:53 ET (15:53 GMT)

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