RNS Number : 3013K
Vela Technologies PLC
01 September 2021

1 September 2021


Vela Technologies plc

("Vela" or "the Company")


Appointment of director


The Board of Vela (AIM: VELA) announces that, further to the announcements released by the Company on 31 July 2020 and 23 July 2021 regarding the appointment of an additional director, Emma Wilson has been appointed as an Executive Director of the Company with immediate effect.

Mrs Wilson qualified as a Chartered Accountant in 2001.  Since qualification Emma has been employed in industry in senior finance positions and in large and small practices.  In 2010 Emma established her own accounting practice, Bailey Wilson, which serves a variety of types and sizes of businesses, including clients listed on AIM and on the main market of the London Stock Exchange.

As a director, Emma will take principal responsibility for the Company's finance and company secretarial functions, which have previously been contracted to Bailey Wilson but which will now be taken 'in-house'.  Additionally, Emma will play a full part in the other responsibilities of the Board and, in particular, will participate equally with the existing directors in investment appraisal and monitoring.  It is expected that the time commitment required by the Company will allow her to continue to manage her practice.

As announced in its market update of 23 July 2021, the Company still intends to appoint a further non-executive director to the Board in due course. Further announcements will be made at the appropriate time.

Brent Fitzpatrick, Chairman of Vela, commented: "I am delighted to welcome Emma to the Board. She is a seasoned professional and brings wide-ranging business and functional experience. We look forward to her valuable insight and specialist skills and I am confident she'll make a significant contribution to the Vela board."  


AIM Disclosures:

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.

Emma Kate Wilson, who is aged 43, has previously used the surnames: Bailey and McIntyre; and has the following current or past directorships or partnerships:

Current directorships/partnerships

Past directorships/partnerships held within the last five years

Bailey Wilson Accounting Limited

Pennine Academies Yorkshire


Emma holds no ordinary shares in the Company.


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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