Velocity Composites Plc ( (GB:VEL) ) has provided an announcement.
Velocity Composites plc has announced the exercise of 17,000 share options by a staff member, with the new shares expected to be admitted to trading on AIM by April 3, 2025. This move will increase the total number of ordinary shares in issue to 54,010,366, providing shareholders with updated figures for regulatory notifications.
More about Velocity Composites Plc
Velocity Composites plc, based in Burnley, UK, is a leading supplier of composite material kits primarily to the aerospace industry. Their products are designed to reduce costs and improve sustainability for high-performance manufacturers, including notable customers such as Airbus, Boeing, and GKN. The company leverages proprietary technology to allow manufacturers to focus on core business activities and has potential for expansion into new markets such as wind energy, urban air mobility, and electric vehicles.
YTD Price Performance: -10.37%
Average Trading Volume: 77,519
Technical Sentiment Signal: Buy
Current Market Cap: £13.07M
Learn more about VEL stock on TipRanks’ Stock Analysis page.