Exercise of Share Options and Issue of Equity
Employee exercised 37,500 share options at 0.25 pence per share, increasing total shares in issue.
- Share options exercised 37,500
- Exercise price per share 0.25 pence
- Total shares in issue after admission 54,047,866
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Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that on 29 April 2025, 37,500 options over Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") were exercised by a member of staff at a price of 0.25 pence per share.
Application has been made for 37,500 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 6 May 2025 and the Ordinary Shares will, on issue, rank pari passu in all respects with the Company's existing Ordinary Shares.
On Admission, the Company will have a total of 54,047,866 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 54,047,866 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure, Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.