Business
Exercise of Options
Exercise of Options.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n \nRNS Number : 7964V Velocity Composites PLC 10 April 2019 \n\n \n10 April 2019 \nVelocity Composites plc\n(\"Velocity\" or the \"Company\")\n \nExercise of Options\n \n \nVelocity Composites plc, the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, today announces that it has issued 120,640 new ordinary shares of 0.25 pence each (\"New Ordinary Shares\") following an exercise of share options by a former employee. \n \nApplication will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM, with dealings expected to commence on 17 April 2019 (\"Admission\").\n \nFollowing Admission, the Company will have a total of 35,916,179 Ordinary Shares in issue. Shareholders may use this figure of 35,916,179 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nEnds\n\n \n\n\n\nVelocity \nBrian Tenner, Senior Independent Director\n \n\n\nc/o Camarco\nTel: 020 3757 4980\n\n\n\n\nfinnCap (Nominated Adviser and Broker)\nEd Frisby / Scott Mathieson / Hannah Boros (Corporate Finance)\nTim Redfern (ECM)\n\n\nTel: 020 7220 0500\n\n\n\n\n \nCamarco (Financial PR)\nEd Gascoigne Pees / Georgia Edmonds / James Crothers\n\n\n \nTel: 020 3757 4980\n\n\n\n \nAbout Velocity Composites\nVelocity Composites is a manufac...