Velocity Composites PLC Issue of Equity (4409O)
February 09 2021 - 03:00AM
UK Regulatory
TIDMVEL
RNS Number : 4409O
Velocity Composites PLC
09 February 2021
9 February 2020
Velocity Composites plc
("Velocity" or the "Company")
Exercise of Share Options
Velocity Composites plc (AIM: VEL.L), the leading supplier of
advanced composite material kits to the aerospace market, announces
that it has received notification from an employee of the Company
for the exercise of options over a total of 38,605 Velocity
ordinary shares of 0.25 pence each ("Option Shares").
Application has been made for the Option Shares to be admitted
to trading on AIM which is expected to occur on 11 February 2020.
The Option Shares will rank pari passu in all respects with the
Company's existing ordinary shares of 0.25 pence each ("Ordinary
Shares").
Following the issue of the Option Shares the Company has a total
of 36,266,064 Ordinary Shares in issue. No Ordinary Shares are held
in treasury. The figure of 36,266,064 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.
Enquiries:
Velocity Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer +44 (0) 1282 577577
Cenkos Securities plc
Nominated Adviser and Broker
Russell Cook
Ben Jeynes +44 (0) 20 7397 4000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEFIFVTFTIAIIL
(END) Dow Jones Newswires
February 09, 2021 04:00 ET (09:00 GMT)
Velocity Composites (LSE:VEL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Velocity Composites (LSE:VEL)
Historical Stock Chart
From Mar 2023 to Mar 2024