Grant of Share Options to Directors/PDMRs
Board granted 1,049,139 share options to directors and PDMRs in lieu of 20% salary sacrifice.
- Total share options granted 1,049,139
- Exercise price 0.25p
- Total options under option 4,245,001 (prior representing 7.8% of issued share capital)
- Jonathan Bridges new options 257,015
- Rob Smith new options 220,298
- James Eastbury new options 168,014
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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 20 November 2025, the Board granted a total of 1,049,139 share options over Velocity ordinary shares of 0.25p each (the "Share Options") to certain directors and PDMRs.
The Share Options are being granted to directors and PDMRs in lieu of a voluntary 20% salary sacrifice for the 12 months to October 2026. The Share Options further align the recipients with the development and implementation of the Company's strategic plans and appropriately incentivise them on an ongoing basis.
The Salary Sacrifice Share Options can be exercised after 1 November 2026. Once vested, the Share Options may be exercised at any time until the fifth anniversary of the award date. The Share Options are subject to claw back and malus provisions and have been granted at an exercise price of 0.25p.
The Share Options have been granted to the following Directors/PDMRs:
| Existing Shareholding | Existing Options Held | New Share Options | New Share Options as a % of issued share capital | |
|---|---|---|---|---|
| Jonathan Bridges 1 | 5,365,929 | 400,000 | 257,015 | 0.47% |
| James Eastbury | Nil | 695,862 | 168,014 | 0.31% |
| Oliver Smalley | Nil | 275,000 | 179,105 | 0.33% |
| Rob Smith | 40,000 | 325,000 | 220,298 | 0.40% |
| Andy Beaden | 930,010 | 88,276 | 119,843 | 0.22% |
| David Bailey | 52,323 | 38,621 | 52,432 | 0.10% |
| Annette Rothwell | 78,547 | 38,621 | 52,432 | 0.10% |
1 Jonanthan Bridges' holding includes 4,015,929 ordinary shares held in his own name and 1,350,000 held by his wife.
The Share Options granted to Jonathan Bridges, Oliver Smalley and Rob Smith have been issued under the Company's EMI scheme.
Following the above grants, the Company has a total of 4,245,001 Ordinary Shares currently under option, representing approximately 7.8 per cent of the Company's issued share capital.
| a) | Name | James Eastbury | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR/ Chief Customer 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 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Grant of share options over ordinary shares of 0.25p each | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 168,014 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 November 2025 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Jonathan Bridges | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director / CEO | |
| 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 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Grant of share options over ordinary shares of 0.25p each | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 257,015 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 November 2025 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Oliver Smalley | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR / Chief Operations 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 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Grant of share options over ordinary shares of 0.25p each | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 179,105 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 November 2025 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Robert Smith | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director / Chief Financial 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 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Grant of share options over ordinary shares of 0.25p each | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 220,298 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 November 2025 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Andrew Beaden | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director / Non-Executive Chairman | |
| 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 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Grant of share options over ordinary shares of 0.25p each | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 119,843 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 November 2025 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | David Bailey | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-Executive Director | |
| 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 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Grant of share options over ordinary shares of 0.25p each | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 52,432 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 November 2025 | |
| f) | Place of the transaction | XOFF | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Annette Rothwell | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-Executive Director | |
| 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 0.25p each | |
| Identification code | GB00BF339H01 | ||
| b) | Nature of the transaction | Grant of share options over ordinary shares of 0.25p each | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| nil | 52,432 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 November 2025 | |
| f) | Place of the transaction | XOFF |
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