TIDMVELA
RNS Number : 7897I
Vela Technologies PLC
12 August 2019
12 August 2019
Vela Technologies plc
("Vela" or the "Company")
Further re. Placing and Investment by Director
Further to the announcement made earlier today, the Board of
Vela is pleased to announce that Antony Laiker, Executive Director
of the Company, has subscribed for 25,000,000 ordinary shares in
the Company (the "Antony Laiker Placing Shares") at a price of 0.10
pence per new ordinary shares (the "Placing Price").
Details of the participation by Antony Laiker in the Placing
Antony Laiker has subscribed for the 25,000,000 new Ordinary
Shares on the same terms as subscribers who participated in the
placing as announcement on 24 April 2019 (the "Placing"). The
proceeds of the issue of the Antony Laiker Placing Shares will be
applied towards certain of the proposals outlined in the Company's
announcement on 24 April 2019.
As announced previously, conditional on the approval of
shareholders at a General Meeting, subscribers in the Placing,
including Antony Laiker, will be issued with 1 warrant for every 4
shares issued pursuant to the Placing, exercisable at 0.15 pence
per placing warrant, for a period of up to 2 years from issue.
Following the issue of new Ordinary Shares in May 2019 in relation
to the Placing, Vela does not have sufficient allotment authority
to enable the placing warrants to be exercised in full.
A circular containing a notice convening a general meeting of
Vela will be posted to shareholders shortly with the purpose of,
inter alia, putting in place the requisite share authorities to
cover the placing warrants being exercised in full.
Further re. repayment of Loan Notes held by Antony Laiker
As announced on 24 April 2019, Vela entered into an agreement
for the repayment of the GBP200,000 of loan notes (and accrued
interest) held by Antony Laiker ("Antony Laiker Loan Note") in
accordance with the terms of the loan note agreement. As announced,
Antony Laiker intended to use the entire proceeds of the repayment
of the Antony Laiker Loan Note to subscribe for new Ordinary Shares
in the Company.
Accordingly, Antony Laiker has today conditionally subscribed
for 240,985,301 new Ordinary Shares at a price of 0.10 pence per
share (the "Antony Laiker Subscription Shares"). The issue and
admission to trading on AIM of the Antony Laiker Subscription
Shares is conditional on shareholder approval of the requisite
authorities to allot shares at a general meeting of the Company,
which will be convened in due course.
Details of Admission
Application will be made shortly for the admission of the Antony
Laiker Placing Shares to trading on AIM ("Admission"). It is
anticipated that Admission will occur on or around 19 August 2019.
The issue of the 25,000,000 new Ordinary Shares has been undertaken
under Vela's existing share allotment authorities. On Admission,
Antony Laiker will hold 60,190,000 Ordinary Shares, equivalent to
4.07 of the issued share capital of Vela, as enlarged by the Antony
Laiker Placing Shares.
The FCA notifications, made in accordance with the requirements
of the EU Market Abuse Regulation, are appended below.
Total Voting Rights
On Admission of the 25,000,000 Antony Laiker Placing Shares,
Vela's issued ordinary share capital will consist of 1,477,958,416
Ordinary Shares, with one voting right each. Vela does not hold any
Ordinary Shares in treasury. Therefore, on Admission, the total
number of Ordinary Shares and voting rights in Vela will be
1,477,958,416. With effect from Admission, this figure may be used
by shareholders in Vela 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
Vela under the FCA's Disclosure Guidance and Transparency
Rules.
For further information, please contact:
Vela Technologies plc Tel: +44 (0) 7802
262 443
Brent Fitzpatrick, Non-Executive Chairman
Antony Laiker, Director
Allenby Capital Limited Tel: +44 (0) 20 3328
(Nominated Adviser) 5656
Nick Athanas/Asha Chotai
Smaller Company Capital Limited Tel: +44 (0) 20 3651
(Joint Broker) 2910
Rupert Williams/Jeremy Woodgate
About Vela Technologies
Vela Technologies (AIM: VELA) is an investing company focused on
early stage and pre-IPO long term disruptive technology
investments. There are currently 12 investments in the portfolio
which either have developed ways of utilising technology or
developing technology with a view to disrupting the businesses or
sector in which they operate. More recently, Vela Technologies has
also started to focus on existing listed companies where valuations
may offer additional opportunities.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Antony Laiker
------------------------------- ------------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Executive Director
------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Vela Technologies plc
------------------------------- ------------------------------------
b) LEI 213800SWFEORWAP84393
------------------------------- ------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------
a) Description of the Financial Ordinary shares of 0.1p each
instrument, type of
instrument
Identification code ISIN: GB00BYZ9XC29
------------------------------- ------------------------------------
b) Nature of the transaction Subscription of new ordinary shares
------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.10p 25,000,000
0.10p 240,985,301
------------------------------- ------------------------------------
d) Aggregated information: Price(s) Volume(s)
--Aggregated volume 0.10p 265,985,301
--Price
------------------------------- ------------------------------------
e) Date of the transaction 12 August 2019
------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Antony Laiker
------------------------------- -----------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Executive Director
------------------------------- -----------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Vela Technologies plc
------------------------------- -----------------------------------
b) LEI 213800SWFEORWAP84393
------------------------------- -----------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of the Financial Warrants to subscribe for ordinary
instrument, type of shares of 0.1p each
instrument
Identification code ISIN: GB00BYZ9XC29
------------------------------- -----------------------------------
b) Nature of the transaction Issue of warrants to subscribe for
ordinary shares
------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise price
of 0.15p 6,250,000
------------------------------- -----------------------------------
d) Aggregated information:
--Aggregated volume N/A
--Price
------------------------------- -----------------------------------
e) Date of the transaction 12 August 2019
------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
----- ------------------------------- -----------------------------------
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END
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