Exercise of Share Options and Issue of Equity
Chief Commercial & Compliance Officer Matthew Archer exercised 604,167 share options at 0.25p and sold 287,602 shares to cover tax.
- Options exercised 604,167
- Exercise price 0.25p
- Shares sold to cover tax 287,602
- Sale price per share 26p
- Ordinary shares held after exercise and disposal 316,565
- Total ordinary shares in issue post-Admission 54,669,371
Select text to share a quote on X · sign in to keep highlights & notes in your VEL notes
Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, has been notified that, on 7 July 2025, a total of 604,167 options over Velocity ordinary shares of 0.25 pence each ("Ordinary Shares") were exercised at a price of 0.25p (the "Option Exercises"). Following the exercises, sufficient Ordinary Shares were sold to cover the tax liabilities ("Disposals)".
The Option Exercises and Disposals include the following dealings by PDMRs:
| PDMR | Number of Options | Disposals | Number of Ordinary Shares held following Option Exercise and Disposal | Percentage of issued share capital following Admission |
|---|---|---|---|---|
| Matthew Archer | 604,167 | 287,602 | 316,565 | 0.5% |
Application has been made for 604,167 0rdinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 11 July 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 54,669,371 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 54,669,371 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.
| a) | Name | Matthew Archer |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Commercial & Compliance 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 | Exercise of share options over ordinary shares of 0.25p each AND disposal of sufficient shares to discharge tax liability upon exercise |
| c) | Price(s) and volumes(s) | Price Volume Option Exercise n/a 604,167 Disposal 26p 287,607 |
| d) | Aggregated information | N/A single transaction |
| Aggregated volume | N/A single transaction | |
| Aggregated Price | N/A single transaction | |
| e) | Date of the transaction | Option Exercise: 7 July 2025 Disposal: 7 July 2025 |
| f) | Place of the transaction | Option Exercise: XOFF Disposal: AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.