REG - Vela Technologies - Director/PDMR Dealing <Origin Href="QuoteRef">VELA.L</Origin>

Vela TechnologiesAnnouncement

13/09/2016 17:50

RNS Number : 7478J
Vela Technologies PLC
13 September 2016
13 September 2016
Vela Technologies plc
("Vela" or "the Company")
PDMR Dealing
Further to the announcement by the Company on 9 September 2016, the board of Vela provides the notification below in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Antony Laiker
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Vela Technologies plc
b)
LEI
Not available
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Vela Technologies plc 8% convertible unsecured loan notes 2018 ("CLNs")
Identification code (ISIN) for Vela's existing ordinary shares of 0.1 pence each is GB00B7D7F340. 
Following a proposed Consolidation andSub-division, as announced on 9 September 2016, the ISIN for the new Ordinary Shares will be GB00BYZ9XC29. Conditional on shareholder approval, the new ISIN is expected to take effect from 27 September 2016. 
b)
Nature of the transaction
Purchase of CLNs 
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1
200,000 nominal
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4 c) above
Price(s)
Volume(s)
1
200,000 nominal
e)
Date of the transaction
8 September 2016
f)
Place of the transaction
Outside a Trading Venue - conditional issue of CLNs

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
Smaller Company Capital Limited
(Broker)
Rupert Williams/Jeremy Woodgate
Tel: +44 (0) 20 3328 5656
Tel: +44 (0) 20 3651 2910

This information is provided by RNS
The company news service from the London Stock Exchange
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