PR Newswire
London, May 8
8 May 2014
Vela Technologies PLC
("Vela" or the "Company")
Flotation of first investment
Vela Technologies, the investing company focussing on early stage and pre-IPO
technology investments, is pleased to note the successful flotation on AIM of
Rosslyn Data Technologies plc (AIM: RDT) on 29 April 2014, raising £10 million
with a strong level of support from institutional investors. The Company
invested £100,000 in October 2013 in Rosslyn Analytics Ltd., RDT's main
operating subsidiary in the UK, and its resultant shareholding in RDT is
303,368 ordinary shares. Rosslyn Data Technologies is the first of the
Company's investment portfolio to achieve flotation.
RDT's cloud-based service provides a fast and efficient way for companies to
use and understand their data. Vela Technologies is confident that RDT will
show strong growth as companies look to utilise its services.
For further information see http://otp.investis.com/clients/uk/rosslyn/rns/
regulatory-story.aspx?cid=817&newsid=406384
Vela Technologies plc
Brent Fitzpatrick, Non-Executive Chairman
Antony Laiker, Director 07802 262443
ZAI Corporate Finance, Nomad 020 7060 2220
Peter Trevelyan-Clark/Tim Cofman/Wei Wang
Hume Capital Securities plc, Broker 020 3693 1470
Jon Belliss
Newgate Threadneedle 020 7653 9850
Graham Herring/Heather Armstrong
