TIDMVEL

RNS Number : 1105G

Velocity Composites PLC

27 February 2018

27(th) February 2018

Velocity Composites plc

("Velocity" or "the Company")

Result of AGM

Velocity Composites plc, the provider of highly engineered kits for the aerospace industry, is pleased to announce that all resolutions proposed at the Company's Annual General Meeting, held this morning, were duly passed.

CONTACT DETAILS:

 
 Velocity                                   c/o Camarco 
  Jon Bridges, CEO                           Tel: 020 
  Alan Kershaw, CFO                          3757 4980 
 
   finnCap (Nominated Adviser and Broker)     Tel: 020 
   Adrian Hargrave / Scott Mathieson          7220 0500 
   / Kate Bannatyne (Corporate Finance) 
   Tim Redfern / Sultan Awan (Corporate 
   Broking) 
 
   Camarco (Financial PR)                     Tel: 020 
   Georgia Edmonds / Owen Roberts /           3757 4980 
   James Crothers

About Velocity Composites

Velocity 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 self-financing for aircraft parts' manufacturers. Velocity's services are seeing increased demand as the global aircraft industry enters a more-for-less era.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

February 27, 2018 07:56 ET (12:56 GMT)

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