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IN BRIEF: Vela Technologies proposes 50-into-1 share consolidation

30th Dec 2021 13:59

Vela Technologies PLC - Bingley, England-based investment firm focused on technology - Proposes 50-into-1 share consolidation, to be approved at annual general meeting called for January 24. Currently has 16.25 billion shares in issue and says it is in the company's best interest to have a more manageable number of shares. The total after the consolidation, also set for January 24, will be 325.0 million.

Current stock price: 0.045 pence, down 5.1% on Thursday

Year-to-date change: down 44%

By Abby Amoakuh; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Vela Technologies
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