Business
Exercise of Share Options and Issue of Equity
Exercise of Share Options and Issue of Equity.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n\n8 July 2025\nVelocity Composites plc\n(\"Velocity\", the \"Company\", the \"Group\")\n \nExercise of Share Options and Issue of Equity\n \nVelocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, has been notified that, on 7 July 2025, a total of 604,167 options over Velocity ordinary shares of 0.25 pence each (\"Ordinary Shares\") were exercised at a price of 0.25p (the \"Option Exercises\"). Following the exercises, sufficient Ordinary Shares were sold to cover the tax liabilities (\"Disposals)\".\n \nThe Option Exercises and Disposals include the following dealings by PDMRs:\n \n\n\n\n\nPDMR\n\n\nNumber of Options\n\n\nDisposals\n\n\nNumber of Ordinary Shares held following Option Exercise and Disposal\n\n\nPercentage of issued share capital following Admission\n\n\n\n\nMatthew Archer\n\n\n604,167\n\n\n287,602\n\n\n316,565\n\n\n0.5%\n\n\n\n\n \nApplication has been made for 604,167 0rdinary Shares to be admitted to trading on AIM (\"Admission\"). Admission is expected to occur on 11 July 2025 and the Ordinary Shares will, on issue, rank pari passu in all respects with the Company's existing Ordinary Shares.\n \nOn Admission, the Company will have a total of 54,669,371 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 54,669,371 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure, Guidance and Transparency Rules.\n \n \nEnquiries:\n \n\n\n\n\nVelocity Composites plc\nAndy Beaden, Chairman\nJon Bridges, Chief Executive Officer\nRob Smith, Group Chief Financial Officer\n \n\n\n+44 (0) 1282 577577\n\n\n\n\nCanaccord Genuity Limited\nNominated Adviser and Joint Broker\nMax Hartley\nGeorge Grainger\n \n\n\n+44 (0) 20 7523 8000\n\n\n\n\nDowgate Capital Limited\nJoint Broker\nRussell Cook\nNick Chambers\n \n\n\n+44 (0) 20 3903 7715\n\n\n\n\nSEC Newgate\nFinancial Communications\nRobin Tozer\nGeorge Esmond\nHarry Handyside\n\n\n+44 (0)7540 106 366\[email protected]\n\n\n\n\n \nAbout Velocity Composites plc\nBased in Burnley, UK, Velocity is the leading supplier of composite ...