Exercise of Share Options and Issue of Equity
Staff member exercised 17,338 share options at 0.25 pence per share.
- Options exercised 17,338
- Exercise price 0.25 pence
- Total shares in issue post-admission 54,065,204
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Velocity Composites plc (AIM: VEL), the leading supplier of advanced composite material kits to the aerospace market, announces that on 12 May 2025, 17,338 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.
Application has been made for 17,338 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 16 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 54,065,204 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 54,065,204 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.