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VELOCITY COMPOSITES PLC
Share Issue/Capital Change • Apr 29, 2025
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Share Issue/Capital Change
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National Storage Mechanism | Additional information 
RNS Number : 6987G
Velocity Composites PLC
29 April 2025
29 April 2025
Velocity Composites plc
("Velocity" or the "Company")
Exercise of Share Options and Issue of Equity
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces that on 29 April 2025, 37,500 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 per share.
Application has been made for 37,500 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 6 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 54,047,866 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The figure of 54,047,866 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.
Enquiries:
| Velocity Composites plc | +44 (0) 1282 577577 |
| Andy Beaden, Chairman | |
| Jon Bridges, CEO | |
| Rob Smith, Chief Financial Officer | |
| Canaccord Genuity Limited | +44 (0) 20 7523 8000 |
| Nominated Adviser and Joint Broker | |
| Max Hartley | |
| George Grainger | |
| Dowgate Capital Limited | +44 (0) 20 3909 7715 |
| Joint Broker | |
| Russell Cook | |
| Nick Chambers | |
| SEC Newgate | +44 (0)7540 106 366 |
| Financial Communications | [email protected] |
| Robin Tozer | |
| George Esmond | |
| Harry Handyside | |
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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