Director/PDMR Shareholding
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your VEL notes
PDMR shareholdings
Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, has been notified that, on 12 July 2024, Jon Bridges, Chief Executive Officer, transferred 1,500,000 ordinary shares of 0.25 pence each ("Ordinary Shares") to his wife. Following this transfer, there is no change in the beneficial interest of shares in the Company of Jon Bridges.
In addition to this, the Company has been notified that, on 15 July 2024, Rob Smith, Chief Financial Officer, purchased 10,000 Ordinary Shares at 43 pence per Ordinary Share. Following this purchase, Rob Smith holds a beneficial interest in 20,000 Ordinary Shares representing approximately 0.04 per cent. of the Company's issued share capital.
| a) | Name | Jon Bridges | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Velocity Composites plc | |
| b) | LEI | 213800W4W46J8HGZP672 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Transfer of Ordinary Shares to his wife | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 1,500,000 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 12 July 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Rob Smith | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Velocity Composites plc | |
| b) | LEI | 213800W4W46J8HGZP672 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| 43 pence | 10,000 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 15 July 2024 | |
| f) | Place of the transaction | AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.