RNS Number : 8847S

Velocys PLC

19 July 2022

19 July 2022

Velocys plc

("Velocys" or the "Company")

Director's Shareholding

Velocys plc (VLS.L), the sustainable fuels technology company, announces that the following director has purchased Ordinary Shares of 1 penny each in the Company ("Shares"). Details of the purchase and resultant holding are as follows:

Director               Date of      Number   Purchase    Total  % ISC held 
                      purchase   of Shares      price   Shares   following 
                                 purchased                held    purchase 
Philip Sanderson 
 (Chief Financial      18 July 
 Officer)                 2022     200,000  4.3 pence  200,000       0.01% 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Philip Thomas Edward Sanderson 
     -------------------------  ---------------------------------------- 
 2    Reason for the notification 
 a)   Position/status            Chief Financial Officer 
     -------------------------  ---------------------------------------- 
 b)   Initial notification       Initial notification 
     -------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                       Velocys plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        549300KGMQV70HA5Y715 
     -------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
 a)   Description                Ordinary Shares of 1 penny each 
       of the financial 
       type of instrument         ISIN: GB00B11SZ269 
     -------------------------  ---------------------------------------- 
 b)   Nature of                  Purchase of shares 
       the transaction 
     -------------------------  ---------------------------------------- 
 c)   Price(s) and                 Price             No. of shares 
       volume(s)                         4.3 pence         200,000 
     -------------------------  ---------------------------------------- 
 d)   Aggregated 
       - Aggregated                Volume: 200,000 
       volume                      Price: 4.3 Pence 
       - Price 
     -------------------------  ---------------------------------------- 
 e)   Date of the                18 July 2022 
     -------------------------  ---------------------------------------- 
 f)   Place of the               London Stock Exchange 
     -------------------------  ---------------------------------------- 
 For further information, please contact:  Velocys 
      Henrik Wareborn, CEO 
      Philip Sanderson, CFO 
      Lak Siriwardene, Director of Communications & Sustainability    +44 1865 800821 
     Panmure Gordon (UK) Limited (Nomad and Joint Broker) 
      Hugh Rich (Corporate Broking) 
      Emma Earl (Corporate Finance) 
      John Prior (Corporate Finance)                                  +44 20 7886 2500 
     Shore Capital Stockbrokers Limited (Joint Broker) 
      Henry Willcocks (Corporate Broking) 
      Toby Gibbs (Corporate Advisory) 
      James Thomas (Corporate Advisory)                               +44 20 7408 4090 
     Radnor Capital (Investor Relations) 
      Joshua Cryer 
      Iain Daly                                                       +44 20 3897 1830 
     Buchanan (Financial PR) 
      Helen Tarbet 
      Simon Compton                                                   +44 20 7466 5000 

Notes to Editors

Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions.

Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to accelerate the adoption and standardise the Velocys proprietary Fischer Tropsch (FT) technology with an integrated end to end solution, including renewable power and carbon sequestration.

Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.


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(END) Dow Jones Newswires

July 19, 2022 02:00 ET (06:00 GMT)

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