Last checked at 16 Oct 2019 16:06
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 |
25,00025,00025,00025,000 | ||
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) | |