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 shareholding
Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, further to the exercise of share options and issue of equity reported on 20 December 2024, the Company has been notified that, on 24 December 2024, Jon Bridges, Chief Executive Officer, holdings in the Company have been diluted to 9.94% (previously 10.04%). Mr. Bridges' beneficial holdings remain unchanged at 5,365,929 Ordinary Shares.
The TR-1, below, contains the full details of Mr. Bridges beneficial holdings.
TR-1: Standard form for notification of major holdings
- Please indicate if the issuer is a non-UK issuer ( please mark with an "X" if appropriate)
Non-UK issuer
- Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
| An event changing the breakdown of voting rights | X |
Other (please specify) iii :
Details of person subject to the notification obligation iv
| Name | Jonathan Karl Bridges |
City and country of registered office (if applicable)
Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
| 5. Date on which the threshold was crossed or reached vi : | 24 December 2024 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 24 December 2024 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 9.94% | None | 9.94% | 5,365,929 |
| Position of previous notification (if applicable) | 10.04% | None | 10.04% | |
| A: Voting rights attached to shares | ||||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |
| Ordinary shares of 0.25 pence each. GB00BF339H01 | 5,365,929 | 9.94% | ||
| SUBTOTAL 8. A | 5,365,929 | 9.94% | ||
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
SUBTOTAL 8.B.2
In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
Additional information xvi
| Place of completion | Lancashire, England |
| Date of completion | 24 December 2024 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.