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Velocys plc announced its total issued share capital as 1,396,171,031 Ordinary Shares, each with voting rights, effective July 1, 2022. This figure follows the issue of new Ordinary Shares pursuant to the exercise of share options during the month ended June 30, 2022, and their admission to trading on AIM. The company confirmed it holds no shares in treasury, establishing this figure as the denominator for shareholder interest calculations.
| Date | 1 Jul 2022 |
| Time | 07:00:07 |
| Category | Capital structure |
| ID | 9141Q |
News release
Velocys plc
("Velocys" or "the Company")
1 July 2022
Total voting rights
The Company announces that, following the issue of new Ordinary Shares pursuant to the exercise of share options during the month ended 30 June 2022 and their admission to trading on AIM under the Company's blocklisting, the total issued share capital of the Company is 1,396,171,031 Ordinary Shares, each with voting rights.
The Company does not currently hold any shares in treasury. Accordingly, this figure of 1,396,171,031 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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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 such as SAF, from a variety of waste materials. SAF ('Sustainable Aviation Fuel') is the only commercially available, alternative to fossil aviation fuels.
Velocys' proprietary catalyst and reactor technologies are 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 carbon sequestration.
In addition, Velocys technology is enabling the next generation of low carbon sustainable fuels with significant additional positive air quality impacts.
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