8th May 2014 12:50
VELA TECHNOLOGIES PLC - Flotation of First InvestmentVELA TECHNOLOGIES PLC - Flotation of First Investment
PR Newswire
London, May 8
8 May 2014 Vela Technologies PLC ("Vela" or the "Company") Flotation of first investment Vela Technologies, the investing company focussing on early stage and pre-IPOtechnology investments, is pleased to note the successful flotation on AIM ofRosslyn Data Technologies plc (AIM: RDT) on 29 April 2014, raising £10 millionwith a strong level of support from institutional investors. The Companyinvested £100,000 in October 2013 in Rosslyn Analytics Ltd., RDT's mainoperating subsidiary in the UK, and its resultant shareholding in RDT is303,368 ordinary shares. Rosslyn Data Technologies is the first of theCompany's investment portfolio to achieve flotation. RDT's cloud-based service provides a fast and efficient way for companies touse and understand their data. Vela Technologies is confident that RDT willshow strong growth as companies look to utilise its services. For further information see http://otp.investis.com/clients/uk/rosslyn/rns/regulatory-story.aspx?cid=817&newsid=406384 Vela Technologies plcBrent Fitzpatrick, Non-Executive ChairmanAntony Laiker, Director 07802 262443 ZAI Corporate Finance, Nomad 020 7060 2220Peter Trevelyan-Clark/Tim Cofman/Wei Wang Hume Capital Securities plc, Broker 020 3693 1470Jon Belliss Newgate Threadneedle 020 7653 9850Graham Herring/Heather Armstrong
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