Business
Result of proxy vote ahead of AGM
Result of proxy vote ahead of AGM.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n \nRNS Number : 6593T Velocity Composites PLC 22 March 2019 \n\n22 March 2019\n \nVelocity Composites plc\n(\"Velocity\" or the \"Company\")\n \nResult of proxy vote ahead of Annual General Meeting (\"AGM\")\n \nVelocity announces that the Company has been unsuccessful in seeking an injunction against Jonathan Bridges, Christopher Banks and Gerard Johnson (together the \"Founders\") which would have precluded them from exercising their voting rights against the re-appointment of the Directors at the Company's AGM scheduled for 25 March 2019. \n \nWhilst the Company was unsuccessful, Christopher Banks and Gerard Johnson gave undertakings not to accept any offers of employment from the Company.\n \nThe Annual General Meeting will be held at 10.00 a.m. on 25 March 2019 at the offices of finnCap, 60 New Broad Street, London EC2M 1JJ and the Company will make a further announcement following its conclusion. \nEnds\nCONTACT DETAILS:\n\n\n\n\nVelocity\nMark Mills, Executive Chairman\n \n\n\nc/o Camarco\nTel: 020 3757 4980\n\n\n\n\n finnCap (Nominated Adviser and Broker)\nEd Frisby / Scott Mathieson / Hannah Boros (Corporate Finance) Tim Redfern (ECM)\n \n\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\n \nAbout Velocity Composites\nVelocity Composites is a manufacturer of advanced composite material kits for the aerospace industry, delivering engineered waste reduction solutions for its customers to build aircraft components using less time and material. The Company's customers include multi-national manufacturers of composite parts and assemblies, who in turn deliver to the world's leading civil and military aircraft manufacturers. The Airbus A320, A330, A350, A380, Eurofighter Typhoon, F35 Joint Strike Fighter and Boeing 737, 787 and V22 Osprey are all constructed using parts manufactured from Velocity's kits. The Company's business model reduces the operating costs of preparing composite materials ahead of their usage in the construction of an aircraft part and as such, its offering is disposed to being ...