PR Newswire
London, November 4
VELA TECHNOLOGIES PLC
("Vela Technologies" or the "Company")
Exercise of warrants
4 November 2013
Vela Technologies plc (AIM: VELA) announces that the Company has received
notice from Peterhouse Corporate Finance Limited ("PCF") for the exercise of
warrants over 4,575,379 ordinary shares of 0.1p each in the capital of the
Company ("Ordinary Shares") at a price of 0.5p per Ordinary Share. The exercise
is in full satisfaction of a warrant instrument referred to in the Company's
CVA and investing company circular dated 21 December 2012. 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 8 November 2013.
Following the issue, the Company has 157,088,020 Ordinary Shares in issue, each
carrying the right to one vote. The Company does not hold any Ordinary Shares
in Treasury. The above figure of 157,088,020 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.
--ENDS--
For further information, please contact:
Vela Technologies plc Email: brent@lowwave.co.uk
Non-Executive Chairman
Brent Fitzpatrick
ZAI Corporate Finance Limited, Nomad Tel: 020 7060 2220
Peter Trevelyan-Clark/Tim Cofman/Wei
Wang
Peterhouse Corporate Finance Limited, Tel: 020 7469 0932
Broker
Eran Zucker
