21st Jul 2020 07:00
News release
Velocys plc
("Velocys" or the "Company")
21 July 2020
Disclosure re directors' participation in the placing and open offer
Velocys plc (VLS.L), the sustainable fuels technology company (the "Company"), announces that, further to the announcement on 25 June 2020 advising the proposed subscription by the directors of the Company of an aggregate of 1,200,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 5p per new Ordinary Share as part of the placing, and following the subscription by certain directors of the Company for an aggregate of 96,487 new Ordinary Shares at a price of 5p per new Ordinary Share as part of the open offer announced by the Company on 24 June 2020 and 25 June 2020, the corresponding disclosure forms summarised below have today been submitted online to the FCA in relation to these transactions.
The resultant interests of the relevant directors and persons closely associated with them in the shares of the Company are:
Director | Number of Ordinary Shares held | Percentage of entire issued share capital |
1. Philip Holland | 1,203,118 | 0.11% |
2. Henrik Wareborn | 2,118,445 | 0.20% |
3. Andrew Morris | 847,817 | 0.08% |
4. Sandra Shaw | 551,091 | 0.05% |
5. Darran Messem | 433,333 | 0.04% |
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||
a) | Name | 1. Philip Holland 2. Henrik Wareborn 3. Andrew Morris 4. Cecil Shaw 5. Darran Messem | ||||||||||||||||||
2. | Reason for the notification | |||||||||||||||||||
a) | Position / status | 1. Non-executive Chairman 2. Chief Executive Officer 3. Chief Financial Officer 4. Person closely associated with a PDMR - Sandra Shaw, Non-executive Director 5. 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. GB00B11SZ269 2. GB00B11SZ269 3. GB00B11SZ269 4. GB00B11SZ269 5. GB00B11SZ269
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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) |
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d) | Aggregated information Aggregated volume Price | N/A | ||||||||||||||||||
e) | Date of the transactions |
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f) | Place of the transaction | Outside a trading venue | ||||||||||||||||||
- Ends -
For further information, please contact:
Velocys Henrik Wareborn, CEO Andrew Morris, CFO Lak Siriwardene, Head of Communications & Sustainability
| +44 1865 800821
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Numis Securities (Nomad and joint broker) Stuart Skinner Louis McKeeve
| +44 20 7260 1000 |
Canaccord Genuity (Joint broker) Henry Fitzgerald-O'Connor James Asensio | +44 20 7523 8000
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Turner Pope Investments (Joint broker) James Pope
Radnor Capital (Investor relations) Joshua Cryer Iain Daly | +44 20 3657 0050
+44 20 3897 1830
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Field Consulting (PR) Robert Jeffery |
+44 20 7096 7730 |
www.velocys.com
Related Shares:
VLS.L