RNS Number : 5891G
Vela Technologies PLC
27 July 2021

27 July 2021

Vela Technologies plc

("Vela" or "the Company")



Completion of investment in Northcoders Group plc


Further to its announcement on 22 July 2021, the Board of Vela (AIM: VELA) is pleased to note the admission of the enlarged share capital of Northcoders Group plc ("Northcoders") to trade on the AIM market of the London Stock Exchange ("Admission") earlier today.

Following Admission, Vela's investment of £750,000 in Northcoders has completed and Vela holds 6.0 per cent. of the issued share capital of Northcoders.   

Further details on Northcoders are contained in Vela's announcement dated 22 July 2021, and in Northcoders' prospectus which is available at www.northcodersgroup.com.


For further information, please contact:


Vela Technologies plc

Brent Fitzpatrick, Non-Executive Chairman

James Normand, Executive Director


Tel: +44 (0) 7421 728875

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 3328 5656

Nick Athanas / Piers Shimwell


Peterhouse Capital Limited (Joint Broker)

Tel: +44 (0) 20 7469 0930

Lucy Williams / Duncan Vasey / Eran Zucker 





About Vela Technologies   


Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. Vela's investee companies have either developed ways of utilising technology or are developing technology with a view to disrupting the businesses or sector in which they operate. Vela Technologies will also invest in listed companies where valuations may offer additional opportunities.


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