Vela Technologies PLC Completion of Fundraising (5544L)
04 October 2016 - 2:30AM
UK Regulatory
TIDMVELA
RNS Number : 5544L
Vela Technologies PLC
03 October 2016
3 October 2016
Vela Technologies plc
("Vela", the "Company" or the "Group")
Completion of Fundraising
On 9 September 2016, Vela Technologies (AIM: VELA), the
investing company focused on early-stage and pre-IPO disruptive
technology investments, announced a conditional fundraising to
raise GBP400,000 (no commission payable) through the issue of
convertible unsecured loan notes to certain Shareholders, including
Antony Laiker (a director of the Company). The funds raised through
the issue of the Loan Notes will be used for additional working
capital and to provide additional funds for the Company to make
further investments in the future, in accordance with its investing
policy.
At the General Meeting, held on 26 September 2016, all of the
Resolutions set out in the Notice of General Meeting were passed.
It was also announced by the Company on 26 September 2016 that the
funds in connection with the Fundraising had not yet been received
by Vela.
The Company can confirm that, as of today, the funds due from
investors under the Fundraising have been received in full. As a
result the Fundraising has now been completed and the Loan Notes
have been issued.
Defined terms used in this announcement not otherwise defined
shall have the same meaning as those terms defined and used in the
circular sent to shareholders on 9 September 2016.
For further information, please contact:
Vela Technologies plc
Brent Fitzpatrick, Tel: +44 (0)
Non-Executive Chairman 7802 262 443
Antony Laiker, Director
Allenby Capital Limited
(Nominated Adviser)
Nick Athanas/Katrina Tel: +44 (0)
Perez/Nick Naylor 20 3328 5656
Smaller Company Capital
Limited
(Broker) Tel: +44 (0)
Rupert Williams/Jeremy 20 3651 2910
Woodgate
This information is provided by RNS
The company news service from the London Stock Exchange
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