25 November 2025
Velocity Composites plc
("Velocity" or the "Company")
Grant of Share Options to Directors/PDMRs
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 Bridges1 |
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.
Enquiries:
| Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer Rob Smith, Chief Financial Officer
|
+44 (0) 1282 577577 |
| Canaccord Genuity Limited Nominated Adviser and Joint Broker Max Hartley George Grainger
|
+44 (0) 20 7523 8000 |
| 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 |
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.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||
| a) |
Name |
James Eastbury |
|
| 2 |
Reason for the notification |
||
| a) |
Position/status |
PDMR/ Chief Customer officer |
|
| b) |
Initial notification/Amendment |
Initial Notification |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Velocity Composites plc |
|
| b) |
LEI |
213800W4W46J8HGZP672 |
|
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| 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 |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Velocity Composites plc |
|
| b) |
LEI |
213800W4W46J8HGZP672 |
|
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| 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 |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Velocity Composites plc |
|
| b) |
LEI |
213800W4W46J8HGZP672 |
|
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| 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 |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Velocity Composites plc |
|
| b) |
LEI |
213800W4W46J8HGZP672 |
|
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| 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 |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Velocity Composites plc |
|
| b) |
LEI |
213800W4W46J8HGZP672 |
|
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| 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 |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Velocity Composites plc |
|
| b) |
LEI |
213800W4W46J8HGZP672 |
|
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| 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 |
|
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
| a) |
Name |
Velocity Composites plc |
|
| b) |
LEI |
213800W4W46J8HGZP672 |
|
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
| 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 |
|