29th Oct 2019 15:46
29 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 purchased a further 100,000 Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") at an average price of 27.25 pence per Ordinary Share.
Mr Beaden now has a beneficial interest in a total of 375,000 Ordinary Shares representing approximately 1.04% 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 | |
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 0.25p each | |
Identification code | GB00BF339H01 | ||
b) | Nature of the transaction | Purchase of ordinary shares | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.270 | 50,000 | ||
d) | Aggregated information | ||
Aggregated volume | 50,000 | ||
Price | £0.270 | ||
e) | Date of the transaction | 28 October 2019 | |
f) | Place of the transaction | AIMX | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Andrew Michael Beaden | |
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 0.25p each | |
Identification code | GB00BF339H01 | ||
b) | Nature of the transaction | Purchase of ordinary shares | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.270£0.280 |
25,00025,000 | ||
d) | Aggregated information | ||
Aggregated volume | 50,000 | ||
Price | £0.275 | ||
e) | Date of the transaction | 29 October 2019 | |
f) | Place of the transaction | AIMX | |
Related Shares:
Velocity Comp