Issue of Equity and Change of Address

RNS Number : 2911N

Vela Technologies PLC

25 July 2014

 



Vela Technologies plc

("Vela" or the "Company")

Issue of Equity & Change of Registered Office Address

Issue of equity

Vela Technologies plc (AIM: VELA), the investing company focussed on early stage and pre-IPO technology investments, announces that it has today issued 7,000,000 ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares") to a consultant in lieu of fees. The New Ordinary Shares were issued at a price of 0.5p per share, a premium of 5.3 per cent. to the Company's closing mid-market price on 24 July 2014.

The New Ordinary Shares will represent 2.81 per cent. of the issued share capital in the Company (as enlarged by their issue). The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares.

Application will be made to the London Stock Exchange for the 7,000,000 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 31 July 2014.

Following the issue of the New Ordinary Shares, the Company's issued share capital consists of 249,088,020 ordinary shares of 0.1 pence each with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company is 249,088,020.

The above figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Change of registered office address

The Company has, with immediate effect, changed its registered office address to 55 Bingley Road, Saltaire, Shipley, BD18 4SB.

For further information:

Vela Technologies plc
Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director	Tel: [phone]
Allenby Capital Limited
Nick Athanas/Katrina Perez/James Reeve	Tel: [phone]
Newgate Threadneedle
Graham Herring/Heather Armstrong	Tel: [phone]

 

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