REG - Caledonian Holdings - Update re. admission of shares

Caledonian HoldingsAnnouncement

01/04/2025 07:15

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RNS Number : 0253D  Caledonian Holdings PLC  01 April 2025

1 April 2025

 

Caledonian Holdings plc

(formerly Vela Technologies plc)

("Caledonian Holdings" or "the Company")

 

Admission of Broker Option Shares

 

Update on Admission of Subscription Shares and issue of Warrants

 

Further to the Company's announcement on 27 March 2025, the Board of
Caledonian Holdings, the AIM-quoted investing company, announces that
admission of the 4,500,000,000 new Ordinary Shares ("Broker Option Shares") to
trading on AIM is due to occur at 8.00 a.m. today ("First Admission").
Immediately following First Admission, the Company will issue 2,250,000,000
warrants to subscribe for new Ordinary Shares in the Company at a price of
0.0075p per Ordinary Share (the "Broker Option Warrants"), resulting in each
recipient of Broker Option Shares being issued with one Broker Option Warrant
for every two Broker Option Shares subscribed for.

 

The Broker Option Warrants are on the same terms as the Warrants issued
pursuant to the Fundraising, as detailed in the Company's announcement of 4
March 2025.

 

Update on Admission of the 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 ("Second Admission") and Second Admission was
anticipated to occur on or around 1 April 2025. The Company now anticipates
that Second Admission will occur at 8.00 a.m. on or around 4 April 2025.

 

Total voting rights

 

Following First Admission, the Company's enlarged issued share capital will be
56,550,695,255 Ordinary Shares. The Company holds no Ordinary Shares in
Treasury. This figure of 56,550,695,255 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 in their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

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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