2 Feb 2018 12:11
News release
Velocys plc
("Velocys" or the "Company")
2 February 2018
Disclosure re Directors' Participation in Placing and Open Offer
Velocys plc (VLS.L), the renewable fuels company, announces that, further to the announcement on 15 January 2018 stating the intention of the Directors of the Company to subscribe for an aggregate of 450,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 10p per new Ordinary Share as part of the Capital Raising, the corresponding disclosure forms summarised below have today been submitted online to the FCA in relation to these transactions.
The resultant interests in the shares of parent company undertakings of the Directors who subscribed (including those of the spouse or civil partner and children under 18) are:
Director | Number of Ordinary Shares held | Percentage of entire issued share capital |
1. Pierre Jungels | 423,031 | 0.13% |
2. David Pummell | 50,000 | 0.02% |
3. Sandra Shaw | 117,758 | 0.04% |
4. Andrew Morris | 100,000 | 0.03% |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||||||||
a) | Name | 1. Pierre Jungels 2. David Pummell 3. Cecil Shaw 4. Andrew Morris | |||||||||||||||
2. | Reason for the notification | ||||||||||||||||
a) | Position / status | 1. Non-executive Chairman 2. Chief Executive Officer 3. Person closely associated with a PDMR - Sandra Shaw, Non-executive Director 4. Non-executive Director | |||||||||||||||
b) | Initial notification / amendment | Initial notification | |||||||||||||||
3. | Details of issuer | ||||||||||||||||
a) | Name | Velocys plc | |||||||||||||||
b) | LEI | 549300KGMQV70HA5Y715 | |||||||||||||||
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 Identification Code | Ordinary Shares of 1p each
1. GB00BFNX4971 2. GB00B11SZ269 3. GB00B11SZ269 4. GB00B11SZ269 | |||||||||||||||
b) | Nature of the transaction | Subscription for new Ordinary Shares. The transaction is not linked to the exercise of a share option programme. | |||||||||||||||
c) | Price(s) and volume(s) |
| |||||||||||||||
d) | Aggregated information Aggregated volume Price | N/A | |||||||||||||||
e) | Date of the transactions |
| |||||||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||||||
- Ends -
For further information, please contact:
Velocys David Pummell, CEO
| +44 1235 838 621
|
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 Tom Huddart | +44 20 3757 4983
|
www.velocys.com