REG - Caledonian Holdings - Update on Admission of Subscription Shares

Caledonian HoldingsAnnouncement

07/04/2025 07:00

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RNS Number : 8858D  Caledonian Holdings PLC  07 April 2025

7 April 2025

 

Caledonian Holdings plc

(formerly Vela Technologies plc)

("Caledonian Holdings" or "the Company")

 

Update on Admission of Subscription Shares

 

Further to the Company's announcement on 1 April 2025, the Board of Caledonian
Holdings, the AIM-quoted investing company, provides an update on the
admission to trading on AIM of the 10,920,000,000 Subscription Shares.

 

On 27 March 2025 the Company announced that application had been made to the
London Stock Exchange for the 10,920,000,000 Subscription Shares to be
admitted to trading on AIM ("Admission") and Admission was anticipated to
occur on or around 1 April 2025. On 1 April 2025, the Company announced that
Admission was anticipated to occur at 8.00 a.m. on or around 4 April 2025.

 

As of the date of this announcement the Company has not yet received all of
the £273,000 of Subscription monies, with £200,000 outstanding. However, the
Company expects that the outstanding funds will be received imminently. The
Company now anticipates that Admission will occur at 8.00 a.m. on or around 11
April 2025.

 

For the avoidance of doubt the Company has received all of the net proceeds
due to it pursuant to the Placing which raised gross proceeds of £827,000 and
the recently announced broker option which raised gross proceeds of £112,500.

 

A further announcement will be made in relation to the admission of the
Subscription Shares.

 

Capitalised terms used in this announcement shall have the same meaning as in
the announcement of 4 March 2025 unless otherwise defined herein.

 

For further information, please contact:

 Caledonian Holdings plc                      Tel: +44 (0) 7950 389469

 Brent Fitzpatrick, Non-Executive Chairman

 Jim McColl, Executive Director
 Allenby Capital Limited (Nominated Adviser)  Tel: +44 (0) 20 3328 5656
 Nick Athanas / Piers Shimwell
 Peterhouse Capital Limited (Broker)          Tel: +44 (0) 20 7469 0930

 

 

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