RNS Number : 9712T

Velocys PLC

28 July 2022

Velocys plc

("the Company")

28 July 2022

Application for Block Admission

An application for block admission has been made for 5,000,000 ordinary shares of 1p each ("Ordinary Shares") in the Company ("Block Admission Shares") to be admitted to trading on AIM on 2 August 2022. The Block Admission Shares are further to the Company's block admissions of Ordinary Shares admitted to AIM on 2 January 2013, 23 May 2017 and 6 August 2021.

The Block Admission Shares will be allotted in accordance with the rules of the Velocys Group 2012 Share Option Scheme, and will rank pari passu in all respects with the existing issued Ordinary Shares of the Company.

For further information, please contact:

  Henrik Wareborn, CEO 
  Philip Sanderson, CFO 
  Lak Siriwardene, Director of Communications 
  & Sustainability                               +44 1865 800821 
 Panmure Gordon (UK) Limited (Nomad and Joint 
  Hugh Rich (Corporate Broking) 
  Emma Earl (Corporate Finance) 
  John Prior (Corporate Finance)                 +44 20 7886 2500 
 Shore Capital Stockbrokers Limited (Joint 
  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 28, 2022 02:00 ET (06:00 GMT)

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