04:56 Thu 11 Feb 2021
Velocity Composites - Director/PDMR Shareholding
Velocity Composites plc
("Velocity" or the "Company")
Grant of Share Options to Directors
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announced on
Due to an oversight at the Company these options which were awarded on
A total of 615,065 share options (the "Share Options") over Velocity ordinary shares of 0.25p each ("Ordinary Shares") have been awarded, including 303,201 Share Options to the following directors.
|
Number of Ordinary Shares Held |
% of Existing Share Capital Held |
Existing Options |
New Share Options Granted |
Total New Share Options as % of Issued Share Capital |
|
- |
- |
- |
147,268(1) |
0.41% |
|
400,000 |
1.10 |
- |
108,475(2) |
0.30% |
|
- |
- |
- |
47,458(2) |
0.13% |
(1) Options awarded under the Company's EMI scheme
(2) Options awarded under Unapproved Option Scheme
In summary the terms of the Share Options are:
· The Shares Options will be exercisable at a price of
· The Share Options, which are subject to malice and clawback restrictions, will vest on
Following the above grants, the Company has a total of 1,681,346 Ordinary Shares currently under option, representing approximately 4.64 per cent of the Company's issued share capital.
Enquiries:
Velocity Composites plc
|
+44 (0) 1282 577577 |
Cenkos Securities plc Nominated Adviser and Broker Russell Cook
|
+44 (0) 20 7397 4000 |
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 |
|
|
2 |
Reason for the notification |
||
a) |
Position/status |
Finance Director |
|
b) |
Initial notification/Amendment |
Initial Notification |
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
a) |
Name |
Velocity Composites plc |
|
b) |
LEI |
213800W4W46J8HGZP672 |
|
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 of the financial instrument, type of instrument |
Ordinary shares of 0.25p each |
|
|
Identification code |
GB00BF339H01 |
|
b) |
Nature of the transaction |
Grant of share options over ordinary shares of 0.25p each |
|
c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
|
147,268 |
||
d) |
Aggregated information |
N/A single transaction |
|
|
Aggregated volume |
N/A single transaction |
|
|
Price |
N/A single transaction |
|
e) |
Date of the transaction |
|
|
f) |
Place of the transaction |
XOFF |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||
a) |
Name |
|
|
2 |
Reason for the notification |
||
a) |
Position/status |
Non-Executive Chairman |
|
b) |
Initial notification/Amendment |
Initial Notification |
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
a) |
Name |
Velocity Composites plc |
|
b) |
LEI |
213800W4W46J8HGZP672 |
|
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 of the financial instrument, type of instrument |
Ordinary shares of 0.25p each |
|
|
Identification code |
GB00BF339H01 |
|
b) |
Nature of the transaction |
Grant of share options over ordinary shares of 0.25p each |
|
c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
|
108,475 |
||
d) |
Aggregated information |
N/A single transaction |
|
|
Aggregated volume |
N/A single transaction |
|
|
Price |
N/A single transaction |
|
e) |
Date of the transaction |
|
|
f) |
Place of the transaction |
XOFF |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||
a) |
Name |
|
|
2 |
Reason for the notification |
||
a) |
Position/status |
Non-Executive Director |
|
b) |
Initial notification/Amendment |
Initial Notification |
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
a) |
Name |
Velocity Composites plc |
|
b) |
LEI |
213800W4W46J8HGZP672 |
|
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 of the financial instrument, type of instrument |
Ordinary shares of 0.25p each |
|
|
Identification code |
GB00BF339H01 |
|
b) |
Nature of the transaction |
Grant of share options over ordinary shares of 0.25p each |
|
c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
|
47,458 |
||
d) |
Aggregated information |
N/A single transaction |
|
|
Aggregated volume |
N/A single transaction |
|
|
Price |
N/A single transaction |
|
e) |
Date of the transaction |
|
|
f) |
Place of the transaction |
XOFF |
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