Europe
Velocity Composites Grant of Share Options
• Velocity Composites plc, a leading supplier of advanced composite material kits to the aerospace market, has granted 2,085,518 share options over Velocity ordinary shares of 0.25p each.
• The Board granted the shares on 31 January 2025.
• The shares are valued at a total of −3.64%.
• The shares are part of the company’s strategy to diversify its portfolio and increase its market share.
• The company’s shares are expected to be traded on the London Stock Exchange on 3 February 2025.
• The shares are expected to be traded on the London Stock Exchange on the same day.
Share Options Grants and Share Options Overview
• Share Options granted at a price of 0.25p, subject to claw back and malus provisions.
• The Option Holder surrenders 20% of their salary for the entirety of FY25.
• Directors/PDMRs: Matthew Archer, Jonathan Bridges, James Eastbury, Robert Smalley, Andy Beaden, David Bailey, Annette Rothwell.
• 720,000 Share Options issued to nine members of the management team.
• Share Options issued under the Company’s EMI scheme.
• After the grants, the Company has a total of 4,859,885 Ordinary Shares currently under option, representing approximately 9.0% of the Company’s issued share capital.
• Enquiries: Velocity Composites plc, Canaccord Genuity Limited, Dowgate Capital Limited, Russell Cook, Nick Chambers.
