Director/PDMR Shareholding
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PDMR shareholding
Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, has been notified that, on 1 November 2024, a person closely associated with Jon Bridges, Chief Executive Officer, sold 150,000 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 25.0 pence per share, reducing his beneficial holding to 5,365,929 Ordinary Shares, representing 10.04% of the issued share capital in the Company. The Company notes that this is the first sale from Jon Bridges' beneficial holding since the Company listed in 2017.
| a) | Name | A Person Closely Associated with 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 0.25 pence each | ||||
| Identification code | GB00BF339H01 | |||||
| b) | Nature of the transaction | Sale of ordinary shares | ||||
| c) | Price(s) and volumes(s) |
| ||||
| d) | Aggregated information | N/A single transaction | ||||
| Aggregated volume | N/A single transaction | |||||
| Aggregated Price | N/A single transaction | |||||
| e) | Date of the transaction | 1 November 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM |
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