PR Newswire
London, October 18
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
18 October 2013
Further to the announcement made on 9 October 2013, the Company is pleased to
announce that it has now completed a placing of 11,500,000 new Ordinary Shares
of 0.1p each at a price of 1.0 pence per share and its subscription for
£100,002 Convertible "A" Preference Shares in Rosslyn Analytics Limited.
Application will be made for the new Ordinary Shares, which rank pari passu
with the Company's existing issued ordinary shares, to be admitted to trading
on AIM. It is expected that Admission will become effective on 24 October 2013.
Following the issue, the Company has 152,512,641 ordinary shares of 0.1p each
in issue, each carrying the right to one vote. The Company does not hold any
ordinary shares in Treasury. The above figure of 152,512,641 ordinary shares
may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the Company
under the Financial Conduct Authority's Disclosure and Transparency Rules.
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
