REG - Vela Technologies - Completion of investment in THEVIBE Ltd <Origin Href="QuoteRef">VELA.L</Origin>
RNS Number : 1513PVela Technologies PLC15 November 2016The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR")
15 November 2016
Vela Technologies plc
("Vela", the "Company" or the "Group")
Completion of investment in THEVIBE Ltd
Further to the Company's announcement on 4 October 2016, the Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, confirms that THEVIBE Ltd's (trading as Vibe Tickets) ("Vibe Tickets") Crowdcube funding round has successfully completed raising a total of 608,890. Vela invested 200,000 in Vibe Tickets as part of this funding round.
Following completion of the funding round Vela is the registered holder of 428,346 ordinary shares in Vibe Tickets and holds a 3.63 per cent. equity interest in the share capital of Vibe Tickets.
For further information on Vibe Tickets please refer to the Company's announcement of 4 October 2016.
For further information, please contact:
Vela Technologies plc
Brent Fitzpatrick, Non-Executive Chairman
Antony Laiker, Director
Tel: +44 (0) 7802 262 443
Allenby Capital Limited
(Nominated Adviser)
Nick Athanas/Katrina Perez/Nick Naylor
Tel: +44 (0) 20 3328 5656
Smaller Company Capital Limited
(Broker)
Rupert Williams/Jeremy Woodgate
Tel: +44 (0) 20 3651 2910
This information is provided by RNSThe company news service from the London Stock ExchangeENDHOLBIBDBXSBBGLS
Recent news on Vela Technologies
See all newsREG - Vela Technologies - Total Voting Rights
AnnouncementREG - Vela Technologies - Issue of Equity
AnnouncementREG - Vela Technologies - Holding in Company
AnnouncementREG - Vela Technologies - Quarterly Investment Update
AnnouncementREG - Vela Technologies - Holding(s) in Company
Announcement