Business
REX Retail Offer
REX Retail Offer.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT\n \nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE REX RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF VELOCITY COMPOSITES PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF VELOCITY COMPOSITES PLC\n \n \n9 August 2023\n \nVelocity Composites plc\n \n(\"Velocity\" or the \"Company\")\n \nREX Retail Offer\n \nVelocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, is pleased to announce a retail offer via REX (the \"REX Retail Offer\") of up to 1,250,000 ordinary shares (\"Ordinary Shares\") of 0.25 pence each in the capital of the Company (the \"REX Retail Offer Shares\").\n \nIn addition to the REX Retail Offer, the Company has also conditionally raised £6.20 million through a placing of new Ordinary Shares (the \"Placing Shares\") comprising the issue of 1,900,000 Firm Placing Shares and 12,500,000 EIS/VCT Placing Shares (the \"Placing\") and a subscription comprising the issue of 1,100,000 new Ordinary Shares (the \"Subscription Shares\") (the \"Subscription\") (collectively, the \"New Ordinary Shares\"). The price of the Placing Shares, Subscription Shares and REX Retail Offer Shares is 40 pence (the \"Issue Price\").\n \nA separate announcement has been made regarding ...