Exercise of Share Options
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that it has received notification from an employee of the Company for the exercise of options over a total of 38,605 Velocity ordinary shares of 0.25 pence each (“Option Shares”).
Application has been made for the Option Shares to be admitted to trading on AIM which is expected to occur on 11 February 2020. The Option Shares will rank pari passu in all respects with the Company’s existing ordinary shares of 0.25 pence each (“Ordinary Shares”).
Following the issue of the Option Shares the Company has a total of 36,266,064 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 36,266,064 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.
Full RNS can be viewed here Exercise of Share Options
Velocity Composites plc
- Andy Beaden, Chairman
- Jon Bridges, Chief Executive Officer +44 (0)1282 577577
Cenkos Securities (Nominated Adviser and Broker)
- Russell Cook
- Ben Jeynes +44 (0)20 7397 8900