Velocity Composites PLC Issue of Equity (7182Z)
May 25 2021 - 2:30AM
UK Regulatory
TIDMVEL
RNS Number : 7182Z
Velocity Composites PLC
25 May 2021
25 May 2021
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 following an exercise of options by an employee of the Company
application has been made for 37,000 new Velocity ordinary shares
of 0.25 pence each ("Option Shares") to be admitted to trading on
AIM ("Admission").
Admission is expected to occur on 26 May 2021 and the Option
Shares will, on issue, rank pari passu in all respects with the
Company's existing ordinary shares of 0.25 pence each ("Ordinary
Shares").
On Admission the Company will have a total of 36,303,064
Ordinary Shares in issue. No Ordinary Shares are held in treasury.
The figure of 36,303,064 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
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