Vela Technologies PLC Directors' Dealings (6939C)
19 Oktober 2015 - 1:15PM
UK Regulatory
TIDMVELA
RNS Number : 6939C
Vela Technologies PLC
19 October 2015
Vela Technologies plc
("Vela" or the "Company")
Directors' dealings
The Board of Vela Technologies plc (AIM: VELA), the investing
company focused on early-stage and pre-IPO disruptive technology
investments, announces that the Directors of the Company, Antony
Laiker and Brent Fitzpatrick, each acquired 2,900,000 ordinary
shares of 0.1 pence per share in the Company ("Ordinary Shares") on
16 October 2015 at a price of 0.17 pence per Ordinary Share.
Following these purchases, Mr Laiker now has a beneficial
interest in 28,316,724 Ordinary Shares, equivalent to 4.85% of the
Company's issued share capital. Mr Fitzpatrick, whose shares were
purchased by his wholly-owned company, Ocean Park Developments
Limited, now has a beneficial interest in 4,400,000 Ordinary
Shares, equivalent to 0.75% of the Company's issued share
capital.
Antony Laiker, Executive Director, commented: "Since Vela
published its corporate update in April we have updated investors
on both new investments made and updates from certain of our
portfolio companies. The board remains of the view that, based on a
combination of valuation events in some of our unquoted companies
together with the market value of our listed investments, the
underlying value of the portfolio is significantly above the value
attributable to Vela at the current time.
Vela has a spread of disruptive technology investments across
what will hopefully be a total of nine companies should the current
proposed investment in Blockchain Tech Ltd go ahead. Going forward
we have high expectations for our investments as they progress and
mature.
Brent and I therefore decided to make a further investment in
Vela shares to support and highlight that the board are personally
supporting their public statements."
For further information, please contact:
Vela Technologies plc
Brent Fitzpatrick, Non-Executive
Chairman Tel: +44 (0) 7802 262 443
Antony Laiker, Director
Allenby Capital Limited
(Nominated Adviser)
Nick Athanas/Katrina Perez/James Tel: +44 (0) 20 3328 5656
Reeve
Vicarage Capital Limited
(Broker) Tel: +44 (0) 20 3651 2910
Rupert Williams/Jeremy Woodgate
This information is provided by RNS
The company news service from the London Stock Exchange
END
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