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Velocity Composites plc announced on 17 March 2026 that all resolutions put to shareholders at its Annual General Meeting held earlier that day were duly passed. The votes cast showed "For" percentages ranging from 97.50% (Resolution 10) to 100.00% (Resolution 1).
| Date | 17 Mar 2026 |
| Time | 11:11:40 |
| Category | AGMs and other meetings |
| ID | 9906W |
17 March 2026
Velocity Composites plc
("Velocity" or the "Company")
Result of Annual General Meeting
Velocity Composites plc (AIM: VEL.L), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, announces that the resolutions put to Shareholders at the Annual General Meeting of the Company held earlier today were duly passed.
The votes cast at the Annual General Meeting, including proxy votes, were as follows:
|
Resolution Number |
Number of Votes For |
% of Votes For |
Number of Votes Against |
% of Votes Against |
Number of Votes Withheld |
|
1 |
18,948,144 |
100.00% |
46 |
0.00% |
36,118 |
|
2 |
18,326,198 |
97.62% |
446,108 |
2.38% |
212,002 |
|
3 |
18,485,547 |
97.68% |
439,178 |
2.32% |
59,583 |
|
4 |
18,478,671 |
97.64% |
446,054 |
2.36% |
59,583 |
|
5 |
18,478,171 |
97.64% |
446,554 |
2.36% |
59,583 |
|
6 |
18,291,097 |
97.67% |
436,128 |
2.33% |
257,083 |
|
7 |
18,474,704 |
97.61% |
452,521 |
2.39% |
57,083 |
|
8 |
18,671,199 |
98.65% |
255,932 |
1.35% |
57,177 |
|
9 |
18,537,363 |
98.52% |
278,301 |
1.48% |
168,644 |
|
10 |
13,542,221 |
97.50% |
346,985 |
2.50% |
5,095,102 |
|
11 |
13,575,423 |
97.82% |
303,100 |
2.18% |
5,107,785 |
|
12 |
17,121,407 |
98.62% |
238,944 |
1.38% |
1,623,957 |
A "vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" and resolution.
Enquiries:
|
Velocity Composites plc Andy Beaden, Chairman Jon Bridges, Chief Executive Officer Rob Smith, Group Chief Financial Officer
|
+44 (0) 1282 577577 |
|
Canaccord Genuity Limited Nominated Adviser and Joint Broker Max Hartley George Grainger
|
+44 (0) 20 7523 8000 |
|
Singer Capital Markets Joint Broker Russell Cook Dan Ingram
|
+44 (0) 20 7496 3000 |
|
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, 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.