TIDMVLS
RNS Number : 9644V
Velocys PLC
17 December 2021
Velocys plc
("Velocys" or the "Company")
Director/PDMR Dealings
Velocys plc (VLS.L), the sustainable fuels technology company,
announces that further to the announcement on 25 November 2021
detailing the proposed Placing and Open Offer and the Circular sent
to shareholders on 29 November 2021, which contained details
advising the proposed subscription by certain of the directors of
the Company, the following Directors' dealings as part of the
Placing and Open Offer have completed:
Andrew Morris, Chief Financial Officer, has subscribed for
125,000 New Ordinary Shares through the Open Offer at the Issue
Price of 8 pence per Ordinary Share.
Philip Holland, Non-Executive Chairman, has subscribed for
125,000 New Ordinary Shares through the Open Offer at the Issue
Price of 8 pence per Ordinary Share.
Darran Messem, Non-Executive Director, has subscribed for
125,000 New Ordinary Shares through the Placing at the Issue Price
of 8 pence per Ordinary Share.
Ann Markey, Non-Executive Director, has subscribed for 125,000
New Ordinary Shares through the Placing at the Issue Price of 8
pence per Ordinary Share.
Thomas Quigley, Non-Executive Director, has subscribed for
125,000 New Ordinary Shares through the Placing at the Issue Price
of 8 pence per Ordinary Share.
Details of the Ordinary Shares held by these Directors are
detailed in the table below:
Director/ Position Existing Ordinary Shares Total beneficial Total interest
PDMR interest purchased interest in in Company's
in Ordinary Ordinary Shares issued share
Shares capital
Chief Financial
Andrew Morris Officer 1,047,817 125,000 1,172,817 0.08%
----------------- --------------- ------------------ ------------------- -----------------
Non-Executive
Philip Holland Chairman 1,203,118 125,000 1,328,118 0.09%
----------------- --------------- ------------------ ------------------- -----------------
Non-Executive
Darran Messem Director 433,333 125,000 558,333 0.04%
----------------- --------------- ------------------ ------------------- -----------------
Non-Executive
Ann Markey Director - 125,000 125,000 0.01%
----------------- --------------- ------------------ ------------------- -----------------
Non-Executive
Thomas Quigley Director - 125,000 125,000 0.01%
----------------- --------------- ------------------ ------------------- -----------------
The notification set out below, provides further details of such
dealings:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names a) Andrew Mrorris
b) Philip Holland
c) Darran Messem
d) Ann Markey
e) Thomas Quigley
------------------------------------- ------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status a) Chief Financial Officer
b) Non-Executive Chairman
c) Non-Executive Director
d) Non-Executive Director
e) Non-Executive Director
------------------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Velocys plc
------------------------------------- ------------------------------------
b) LEI 549300KGMQV70HA5Y715
------------------------------------- ------------------------------------
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 Ordinary Shares of 1 pence each
financial instrument,
type of instrument
Identification code GB00B11SZ269
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------------- ------------------------------------
c) Price(s) and volume(s)
----------------- ---------------
Price(s) Volume(s)
----------------- ---------------
a) 8 pence a) 125,000
----------------- ---------------
b) 8 pence b) 125,000
----------------- ---------------
c) 8 pence c) 125,000
----------------- ---------------
d) 8 pence d) 125,000
----------------- ---------------
e) 8 pence e) 125,000
----------------- ---------------
d) Aggregated information
- Aggregated volume 625,000
- Price 8 pence per share
e) Date of the transaction 17 December 2021
------------------------------------- ------------------------------------
f) Place of the transaction XLON
------------------------------------- ------------------------------------
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as defined in the
circular sent to shareholders of the Company on 29 November
2021.
Enquiries:
Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Director of Communications
& Sustainability +44 1865 800821
Panmure Gordon (UK) Limited (Nomad and Joint
Broker)
Emma Earl (Corporate Finance)
John Prior (Corporate Finance)
Hugh Rich (Corporate Broking) +44 20 7886 2500
Shore Capital Stockbrokers Limited (Joint
Broker)
Henry Willcocks (Corporate Broking)
Toby Gibbs (Corporate Advisory)
James Thomas (Corporate Advisory)
Liam Zabludowicz (Corporate Advisory) +44 20 7408 4090
Buchanan (Financial PR)
Helen Tarbet
Simon Compton +44 20 7466 5000
R adnor Capital (Investor Relations)
Joshua Cryer
Iain Daly +44 20 3897 1830
Notes to Editors
Velocys is an LSE-listed, international sustainable fuels
technology company, traded on the AIM, providing clients with a
technology solution to enable the production of negative Carbon
Intensity synthetic, drop-in fuels from a variety of waste
materials. SAF ('Sustainable Aviation Fuel') is the only
commercially available, permanent alternative to fossil aviation
fuels.
The technology is IP-protected in all major jurisdictions.
Two reference projects in the US and UK (Bayou Fuels and
Altalto) are designed to accelerate the adoption and standardise
the Velocys proprietary Fischer Tropsch (FT) technology with an
integrated end to end solution, including renewable power and
sequestration. Velocys is enabling commercial scale SAF production
in response to the clean energy transition.
Velocys technology pathway is enabling the next generation of
low carbon sustainable fuels with significant additional positive
air quality impacts.
www.velocys.com
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END
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December 17, 2021 03:00 ET (08:00 GMT)
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