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Velocys plc applied for block admission of 5,000,000 ordinary shares of 1p each on 28 July 2022. These Block Admission Shares are scheduled to be admitted to trading on AIM on 2 August 2022 and will be allotted under the Velocys Group 2012 Share Option Scheme, ranking pari passu with existing issued ordinary shares.
| Date | 28 Jul 2022 |
| Time | 07:00:17 |
| Category | Capital structure |
| ID | 9712T |
Velocys plc
("the Company")
28 July 2022
Application for Block Admission
An application for block admission has been made for 5,000,000 ordinary shares of 1p each ("Ordinary Shares") in the Company ("Block Admission Shares") to be admitted to trading on AIM on 2 August 2022. The Block Admission Shares are further to the Company's block admissions of Ordinary Shares admitted to AIM on 2 January 2013, 23 May 2017 and 6 August 2021.
The Block Admission Shares will be allotted in accordance with the rules of the Velocys Group 2012 Share Option Scheme, and will rank pari passu in all respects with the existing issued Ordinary Shares of the Company.
For further information, please contact:
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Velocys Henrik Wareborn, CEO Philip Sanderson, CFO Lak Siriwardene, Director of Communications & Sustainability
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+44 1865 800821 |
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Panmure Gordon (UK) Limited (Nomad and Joint Broker) Hugh Rich (Corporate Broking) Emma Earl (Corporate Finance)
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+44 20 7886 2500 |
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Shore Capital Stockbrokers Limited (Joint Broker) Henry Willcocks (Corporate Broking) Toby Gibbs (Corporate Advisory) James Thomas (Corporate Advisory) |
+44 20 7408 4090 |
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Radnor Capital (Investor Relations) Joshua Cryer Iain Daly |
+44 20 3897 1830
|
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Buchanan (Financial PR) Helen Tarbet Simon Compton |
+44 20 7466 5000 |
Notes to Editors
Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions.
Two reference projects (Bayou Fuels, US, and Altalto, UK) 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.
Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.
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