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The latest update is out from Velocity Composites Plc ( (GB:VEL) ).
Velocity Composites plc announced a slight dilution in CEO Jon Bridges’ shareholding from 10.04% to 9.94% following the exercise of share options and issue of equity. Despite this change, Mr. Bridges’ total beneficial holdings remain unchanged at 5,365,929 Ordinary Shares. This development highlights a shift in the company’s governance structure without altering the CEO’s overall stake, potentially affecting voting dynamics within the company.
More about Velocity Composites Plc
Velocity Composites plc, based in Burnley, UK, is a leading supplier of composite material kits primarily for the aerospace industry. The company focuses on reducing costs and improving sustainability for its clients, including major manufacturers like Airbus, Boeing, and GKN. Velocity is exploring expansion opportunities in other markets such as wind energy, urban air mobility, and electric vehicles, where the demand for composite materials is growing.
YTD Price Performance: -30.14%
Average Trading Volume: 83,502
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £13.64M
For detailed information about VEL stock, go to TipRanks’ Stock Analysis page.
