4 October 2016
Vela Technologies plc
("Vela" or the "Company")
Director share dealing
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
Vela Technologies plc (AIM: VELA), the investing company focused on early stage and pre-IPO disruptive technology investments, announces that Brent Fitzpatrick (Chairman of Vela) has today notified the Company that he has today purchased 1,000,000 ordinary shares of 0.1 pence in the Company at a price of 0.1499 pence per share. Following this purchase, Mr Fitzpatrick's shareholding in the Company has increased to 2,500,000 ordinary shares, which represents approximately 0.35% of the Company's issued voting share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Nigel Brent Fitzpatrick MBE |
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2. |
Reason for the notification |
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a. |
Position/status |
Non-Executive Chairman |
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b. |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Vela Technologies plc |
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b. |
LEI |
Not available |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a. |
Description of the Financial instrument, type of instrument Identification code |
Ordinary Shares of 0.1 pence
Identification code (ISIN) for Vela Technologies plc ordinary shares: GB00BYZ9XC29
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b. |
Nature of the transaction |
Purchase of shares
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information · Aggregated volume · Price |
N/A- single transaction |
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e. |
Date of the transaction |
4 October 2016
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f. |
Place of the transaction |
Outside a trading venue |
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Vela Technologies plc |
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Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director
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Tel: +44 (0) 7802 262 443
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Allenby Capital Limited (Nominated Adviser) |
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Nick Athanas/Katrina Perez/Nick Naylor
Smaller Company Capital Limited (Broker) Rupert Williams/Jeremy Woodgate
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Tel: +44 (0) 20 3328 5656
Tel: +44 (0) 20 3651 2910
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