Vertical Aerospace directors, leadership increase holdings by 50%

Vertical Aerospace (EVTL) announced that 16 members of its board of directors and leadership team completed open-market purchases of the company’s ordinary shares over a two-week open trading window period in November. These share purchases follow a series of open market share purchases by Vertical chairman Domhnal Slattery and two fellow board members in May. With these most recent purchases, Vertical’s directors and leadership have increased their holdings of ordinary shares in the company by approximately 50%. Furthermore, the company’s majority shareholder, Mudrick Capital Management informed the company that it had increased its position by 350,000 shares via open-market purchases since November 24. Vertical also disclosed today that, as of November 28, company founder Stephen Fitzpatrick’s directly held shares now represent less than 0.4% of the company’s ordinary shares, down from approximately 15% on January 1.