VELA TECHNOLOGIES PLC - Holding(s) in Company

PR Newswire

London, January 22



For filings with the FSA include the annex

For filings with issuer exclude the annex



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                      Vela Technologies Plc
attached:ii

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                            X

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the                Hawk Investment Holdings Limited
notification obligation:iii

4. Full name of shareholder(s)
 (if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                                             20/01/2014
reached: v

6. Date on which issuer notified:                                             22/01/2014

7. Threshold(s) that is/are crossed or                                           17%-15%
reached: vi, vii





8. Notified details:

A: Voting rights attached to shares viii, ix

Class/   Situation previous          Resulting situation after the triggering transaction
type of  to the triggering
shares   transaction


if       Number           Number     Number      Number of voting         % of  voting
possible of               of         of shares   rights                   rights x
using    Shares           Voting
the ISIN                  Rights
CODE                                 Direct      Direct xi  Indirect xii  Direct Indirect


ORD

         27,000,000       27,000,000 23,614,700  23,614,700               15.03%





B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration     Exercise/            Number of voting         % of voting
financial   date xiii      Conversion Period    rights that may be       rights
instrument                 xiv                  acquired if the
                                                instrument is
                                                exercised/ converted.





C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of    Exercise      Expiration Exercise/  Number of voting rights  % of voting
financial  price         date xvii  Conversion instrument refers to     rights xix, xx
instrument                          period
                                    xviii

                                                                        Nominal Delta





Total (A+B+C)

Number of voting rights                    Percentage of voting rights

23,614,700                                 15.03%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi







Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:

14. Contact name:                              Edd Hollier, Investec Wealth & Investment

15. Contact telephone number:                                              0121 232 0707