9th Oct 2013 14:45
LONDON (Alliance News) - Vela Technologies PLC Wedneday said it had proposed an investment of GBP100,002 by way of subscription for 32,716 convertible "A" preference shares in Rosslyn
Analytics Limited to be funded by a placing of 11.5 million shares.
Rosslyn Analytics provides a cloud-based data analysis platform which allows its customers and partners to use a single cloud platform for analysis and data management.
"I am pleased to announce another investment in line with our objective to build a diverse range of potentially high growth technology investments, which will bring the total amount invested this year to over GBP485,000," Non-Executive Chairman, Nigel Brent Fitzpatrick, said in a statement.
"Our investment in Rosslyn Analytics will represent a promising opportunity within the area of data collection but more especially data that can be cleansed enriched and analysed on one easy to use platform," he added.
Vela shares were trading at 2.70 pence Wednesday afternoon, up 0.95 pence or 54.3%.
By Anthony Tshibangu; [email protected];
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Vela Technologies