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Last checked at 
1 Nov 2017 15:45
1 November 2017 For immediate release
VELOCITY COMPOSITES plc
("Velocity" or the "Company")
Director Dealing
Velocity Composites plc, the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, announces that it has been notified that today, Mark Mills, Non-Executive Chairman of the Company, purchased 58,824 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 85 pence per Ordinary Share (the "Purchase").
Following the Purchase, Mr. Mills has a beneficial interest in 1,884,024 Ordinary Shares representing approximately 5.26% of the issued share capital of the Company.
Ends
CONTACT DETAILS:
Velocity Jon Bridges, CEO Alan Kershaw, CFO | c/o Camarco Tel: 020 3757 4980 |
finnCap (Nominated Adviser and Broker) Adrian Hargrave / Scott Mathieson / Kate Bannatyne (Corporate Finance) Tim Redfern / Sultan Awan (Corporate Broking) | Tel: 020 7220 0500 |
Camarco (Financial PR) Georgia Edmonds / James Crothers |
Tel: 020 3757 4980 |
About Velocity Composites
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.
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 | Mark Mills
|
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 instrument, type of instrument | Ordinary shares of 0.25 pence each ("Ordinary Shares") |
Identification code | VEL GB00BF339H01
| |
b) | Nature of the transaction | Purchase of Ordinary Shares
|
c) | Price(s) and volume(s) | Volume - 58,824 Price - 85p
|
d) | Aggregated information: Aggregated volume Price |
See 4c) above
|
e) | Date of the transaction | 1 November 2017
|
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON)
|
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