18th Oct 2013 15:47
VELA TECHNOLOGIES PLC - Further re investment and placingVELA TECHNOLOGIES PLC - Further re investment and placing
PR Newswire
London, October 18
Vela Technologies Plc ("Vela" or "the Company") Convertible Preference Share Investment in Rosslyn Analytics Limited Placing to raise £115,000 at 1.0p per share 18 October 2013 Further to the announcement made on 9 October 2013, the Company is pleased toannounce that it has now completed a placing of 11,500,000 new Ordinary Sharesof 0.1p each at a price of 1.0 pence per share and its subscription for£100,002 Convertible "A" Preference Shares in Rosslyn Analytics Limited. Application will be made for the new Ordinary Shares, which rank pari passuwith the Company's existing issued ordinary shares, to be admitted to tradingon AIM. It is expected that Admission will become effective on 24 October 2013.Following the issue, the Company has 152,512,641 ordinary shares of 0.1p eachin issue, each carrying the right to one vote. The Company does not hold anyordinary shares in Treasury. The above figure of 152,512,641 ordinary sharesmay be used by shareholders in the Company as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, the share capital of the Companyunder the Financial Conduct Authority's Disclosure and Transparency Rules. For further Information: Brent Fitzpatrick e-mail [email protected] ChairmanVela Technologies plc ZAI Corporate Finance, Nomad Tel 020 7060 2220Peter Trevelyan-Clark/Tim Cofman/Wei Wang Peterhouse Corporate Finance, Broker Tel 020 7469 0932Eran Zucker
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