PR Newswire
London, October 9
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
9 October 2013
Vela Technologies plc is pleased to announce a proposed investment of £100,002
by way of subscription for 32,716 Convertible "A" Preference Shares in Rosslyn
Analytics Limited ("Rosslyn Analytics"), being just under 0.7 per cent. Rosslyn
Analytics' issue share capital. Operating out of London, Rosslyn Analytics
provides a cloud-based data analysis platform which allows its customers and
partners to use a single cloud platform for analysis and data management,
providing a foundation for organisations and their key strategic decisions,
potentially stretching resources, adding value and enabling faster exploitation
of new technologies . The platform allows data capture and collation from many
sources, advanced data cleansing to improve accuracy and relevance, enrichment
by automatic connection of enterprise data with external business sources to
provide enhanced business value and a "360° view" of the enterprise and data
visualisation through user friendly graphical interfaces, report building
wizards and statistical and predictive modelling tools.
The investment is to be funded by a placing of 11,500,000 new Ordinary Shares
of 0.1p each at a price of 1.0 pence per share.
Non-Executive Chairman, Nigel Brent Fitzpatrick MBE commented:
"I am pleased to announce another investment in line with our objective to
build a diverse range of potentially high growth technology investments, which
will bring the total amount invested this year to over £485,000. Our investment
in Rosslyn Analytics will represent a promising opportunity within the area of
data collection but more especially data that can be cleansed enriched and
analysed on one easy to use platform. Further information is available on the
Rosslyn Analytics website at www.rosslynanalytics.com .
For further Information:
Brent Fitzpatrick e-mail brent@lowwave.co.uk
Non-Executive Chairman
Vela Technologies plc
ZAI Corporate Finance, Nomad Tel 020 7060 2220
Peter Trevelyan-Clark/
Tim Cofman/Wei Wang
Peterhouse Corporate Finance, Broker Tel 020 7469 0932
Eran Zucker
