17 March 2023
Velocity Composites plc
("Velocity" or the "Company")
PDMR Shareholding
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that on 15 March 2023, Jeffrey Armitage, a PDMR of the Company sold 55,059 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 34 pence per Ordinary Share.
Following this transaction, Jeffrey Armitage has no beneficial holding in the Ordinary Shares of the Company.
Enquiries:
| Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer
| +44 (0) 1282 577577 |
|
Cenkos Securities plc Nominated Adviser and Broker Katy Birkin Ben Jeynes George Lawson
|
+44 (0) 20 7397 4000 |
| SEC Newgate Financial PR Robin Tozer George Esmond Harry Handyside
| +44 (0)7540 106 366 velocity@secnewgate.co.uk |
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 | Jeffrey Armitage | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR | |
| 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 | Sale of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £0.34 | 55,059 | ||
| d) | Aggregated information | N/A single transaction | |
| | Aggregated volume | N/A single transaction | |
| | Price | N/A single transaction | |
| e) | Date of the transaction | 15 March 2023 | |
| f) | Place of the transaction | XOFF | |
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