PR Newswire
London, March 5
Vela Technologies plc
("Vela Technologies"or "the Company")
Board Changes
Vela Technologies has received notification from Adrian Moss of his decision to step down as a Non-Executive Director of the Company with immediate effect.
The Board wishes to thank Adrian for his contributions to the Company and in particular the assistance he gave to the smooth transition to new management after the change in control following the recent refinancing transaction.
--ENDS--
FOR FURTHER INFORMATION, PLEASE CONTACT
Vela Technologies plc Brent Fitzpatrick Email: brent@lowwave.co.uk Non-Executive Director ZAI Corporate Finance Limited John Depasquale /John Treacy/ Tel: 020 7060 2220 Steven Feng Peterhouse Corporate Finance Limited Eran Zucker Tel: 020 7469 0932
Vela Technologies plc is a UK incorporated investment Company looking to acquire and consolidate holdings in Small and Medium sized Enterprises (SME's) which are active in the development of emergent technologies, hi-tech engineering and scientific advances to expedite company growth and expansion. As a result of the recent global financial crisis, and the ongoing period of financial austerity, companies have become increasingly reliant on such advances to improve profitability or efficiency. These technologies are applicable across a wide range of sectors including anything from Oil & Gas E& P, eCommerce to Aviation. Early acquisition of such innovative technologies should provide the opportunity to optimise returns for Shareholders.
