5th Mar 2013 16:15
VELA TECHNOLOGIES PLC - Directorate ChangeVELA TECHNOLOGIES PLC - Directorate Change
PR Newswire
London, March 5
Vela Technologies has received notification from Adrian Moss of his decision tostep down as a Non-Executive Director of the Company with immediate effect.
The Board wishes to thank Adrian for his contributions to the Company and inparticular the assistance he gave to the smooth transition to new managementafter the change in control following the recent refinancing transaction.
--ENDS--FOR FURTHER INFORMATION, PLEASE CONTACT
Vela Technologies plc Brent Fitzpatrick Email: [email protected] Director ZAI Corporate Finance Limited John Depasquale /John Treacy/ Tel: 020 7060 2220Steven Feng Peterhouse Corporate FinanceLimited Eran Zucker Tel: 020 7469 0932Vela Technologies plc is a UK incorporated investment Company looking toacquire and consolidate holdings in Small and Medium sized Enterprises (SME's)which are active in the development of emergent technologies, hi-techengineering and scientific advances to expedite company growth and expansion.As a result of the recent global financial crisis, and the ongoing period offinancial austerity, companies have become increasingly reliant on suchadvances to improve profitability or efficiency. These technologies areapplicable across a wide range of sectors including anything from Oil & Gas E&P, eCommerce to Aviation. Early acquisition of such innovative technologiesshould provide the opportunity to optimise returns for Shareholders.
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