Velocity Float to Support Growth Ambitions

Velocity Float to Support Growth Ambitions

Aerospace products maker Velocity Composites, is embarking on a £30m float to help it pursue growth opportunities by opening additional facilities around the world.

The company has outlined plans to admit its entire issued and to be issued share capital to trading on AIM on 18 May 2017. The placing comprises 12.3 million new and 4.7 million existing shares at 85p each with both institutional and other investors to raise gross proceeds of approximately £14.4m.

Mark Mills (pictured), a well-known figure in the business community, is Velocity’s non-executive chairman.

Read the article in full at

Important information

This information is of a general nature and does not constitute an offer to provide services.

The opinions and conclusions given here are those of Seneca Partners and are subject to change without notice.

The value of investments and/or any income arising from them may fluctuate.

Past performance is not necessarily a guide to future performance.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.