Vela Technologies PLC Result of General Meeting (5211Z)
18 September 2015 - 12:50PM
UK Regulatory
TIDMVELA
RNS Number : 5211Z
Vela Technologies PLC
18 September 2015
18 September 2015
Vela Technologies plc
("Vela" or the "Company")
Result of general meeting
The Board of Vela (AIM: VELA), the investing company focused on
early-stage and pre-IPO disruptive technology investments, is
pleased to announce that at the Company's general meeting held
earlier today all of the resolutions were duly passed, including
the approval of the placing of 125,000,000 new ordinary shares of
0.1 pence each in the Company (the "Placing Shares") at 0.2 pence
each to raise GBP250,000 (before expenses) (the "Placing").
Following such approvals and save only for Admission (as defined
below) the Placing, as announced on 26 August 2015, is now
complete.
Application has been made for the Placing Shares to be admitted
to trading on AIM ("Admission") and Admission is expected to become
effective 8.00 a.m. on 21 September 2015.
Following Admission the Company's issued share capital will be
584,088,020 ordinary shares of 0.1p each (the "Enlarged Share
Capital"). The Company does not hold any shares in treasury. This
figure (584,088,020 ordinary shares) may be used by shareholders 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
Disclosure and Transparency Rules.
In addition, following the passing of the resolutions at the
Company's general meeting, a total of 10,489,560 options to
subscribe for new ordinary shares of 0.1 pence each in the Company
(the "Options") have been granted to the directors of Vela, details
of which were announced on 17 February 2015. The terms of the
Options are detailed in the announcement released by the Company on
17 February 2015.
Following the grant of the Options and Admission the interests
of the directors in the share capital of the Company is as
follows:
Name of Director No. of options Options as Number of Ordinary shares
held following % of Enlarged ordinary held as % of
grant of Share Capital shares held Enlarged Share
Options Capital
------------------- ---------------- --------------- ------------- ----------------
Antony Laiker
(Executive
Director) 11,362,427 1.95% 25,416,724 4.35%
------------------- ---------------- --------------- ------------- ----------------
Brent Fitzpatrick
(Non-Executive
Chairman) 11,362,427 1.95% 1,500,000 0.26%
------------------- ---------------- --------------- ------------- ----------------
Following the grant of the Options, the total number of Options
outstanding over ordinary shares is 22,724,854 representing 3.89
per cent. of the Enlarged Share Capital.
For further information please contact:
Vela Technologies plc
Brent Fitzpatrick, Non-Executive
Chairman
Antony Laiker, Director Tel: +44 (0) 7802
262 443
Allenby Capital Limited
(Nominated Adviser)
Nick Athanas/Katrina Perez/James Tel: +44 (0) 20 3328
Reeve 5656
Vicarage Capital Limited
(Broker)
Rupert Williams/Jeremy Woodgate Tel: +44 (0) 20 3651
2910
This information is provided by RNS
The company news service from the London Stock Exchange
END
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