VELOCITY COMPOSITES PLC

Board/Management Information • Feb 13, 2024

National Storage Mechanism | Additional information

RNS Number : 8865C

Velocity Composites PLC

13 February 2024

13 February 2024

Velocity Composites plc

("Velocity" or the "Company")

Appointment of Dowgate Capital as Joint Broker

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, is pleased to announce the appointment of Dowgate Capital Limited as the Company's Joint Broker with immediate effect.

Enquiries:

Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer Andrew Hebb, Interim Chief Financial Officer	+44 (0) 1282 577577
Cavendish Capital Markets Limited Nominated Adviser and Joint Broker Katy Birkin Ben Jeynes George Lawson	+44 (0) 20 7220 0500
Dowgate Capital Limited Joint Broker Russell Cook Nick Chambers	+44 (0) 20 3903 7715
SEC Newgate Financial Communications Robin Tozer George Esmond Harry Handyside	+44 (0)7540 106 366 velocity@secnewgate.co.uk

About Velocity Composites plc

Based in Burnley, UK, Velocity is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability.  Customers include Airbus, Boeing, and GKN.

By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business.  Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.

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