Last checked at 25 Feb 2020 15:53
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 PR) Cat Valentine Keeley Clarke Llew Angus | VelocityPR@belvederpr.com +44 (0) 7715 769 078 +44 (0) 7967 816 525 +44 (0) 7407 023 147 |
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.