18 May 2017 09:43
News release
Velocys plc
("Velocys" or "the Company")
18 May 2017
Application for block admission
An application for block admission has been made for 2,500,000 ordinary shares of 1p each ("Ordinary Shares") in the Company ("Block Admission Shares") to be admitted to trading on AIM on 23 May 2017. The Block Admission Shares are further to the Company's block admission of Ordinary Shares admitted to AIM on 2 January 2013.
The Block Admission Shares will be allotted in accordance with the rules of the Velocys Group 2012 Share Option Scheme and pursuant to bonus schemes, and will rank pari passu in all respects with the existing issued Ordinary Shares of the Company.
- Ends -
For further information, please contact:
Velocys David Pummell, CEO Susan Robertson, CFO
| +44 1235 841 700
|
Numis Securities (Nomad and joint broker) Alex Ham Stuart Skinner Jamie Lillywhite Tom Ballard
| +44 20 7260 1000 |
Canaccord Genuity (Joint broker) Henry Fitzgerald-O'Connor Ben Griffiths | +44 20 7523 8000
|
|
|
Camarco (Financial communications & PR) Billy Clegg Georgia Edmonds | +44 20 3757 4983
|
Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.
Notes to editors
About Velocys
Velocys is the company at the forefront of smaller scale gas-to-liquids (GTL), providing the bridge connecting stranded and low value feedstocks such as natural gas, landfill gas or biomass with markets for premium products such as renewable diesel, jet fuel and waxes.
With its partners, Velocys aims to deliver the most economically compelling conversion solution; a fully integrated offer that can be deployed at scale into the growing, attractive markets on which it focuses. Velocys technology, protected by several hundred patents in over 30 countries, is specifically designed for smaller scales, combining super-active catalysts with intensified reactor systems. Standardised modular plants can be deployed readily in a wide range of locations, and Velocys' capabilities and extensive experience deliver a proven route to operation.
Velocys plc is admitted to trading on the AIM market of the London Stock Exchange (LSE: VLS). The Company has a strong, multi-disciplinary staff operating from its commercial centre in Houston, Texas, USA and technical facilities near Oxford, UK and Columbus, Ohio, USA. First product has been produced at its commercial reference plant, which is located adjacent to Waste Management's East Oak landfill site in Oklahoma City.
www.velocys.com