Velocity Composites PLC Exercise of Share Options and Issue of Equity (0937C)
October 07 2022 - 1:00AM
UK Regulatory
TIDMVEL
RNS Number : 0937C
Velocity Composites PLC
07 October 2022
7 October 2022
Velocity Composites plc
("Velocity" or the "Company")
Exercise of Share Options and Issue of Equity
Velocity Composites plc (AIM: VEL.L), the leading supplier of
advanced composite material kits to the aerospace market, announces
that on 5 October 2022, 47,458 options over Velocity ordinary
shares of 0.25 pence each ("Ordinary Shares") were exercised at a
price of 0.25p.
Application has been made for 47,458 Ordinary Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur on 12 October 2022 and the Ordinary Shares will, on issue,
rank pari passu in all respects with the Company's existing
Ordinary Shares.
On Admission, the Company will have a total of 36,458,997
Ordinary Shares in issue. No Ordinary Shares are held in treasury.
The figure of 36,458,997 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) 1 282 577577
Cenkos Securities plc
Nominated Adviser and Broker
Katy Birkin
Ben Jeynes +44 (0) 20 7397 4000
SEC Newgate +44 (0)7540 106 366
Financial PR velocitycomposites@secnewgate.co.uk
Robin Tozer / Richard Bicknell
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END
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