REG - Vela Technologies - Director/PDMR Shareholding
RNS Number : 1099WVela Technologies PLC06 December 20196 December 2019
Vela Technologies plc
("Vela" or the "Company")
Director / PDMR Shareholding
The Board of Vela announces that, following a grant of probate on 10 September 2019, Antony Laiker, Executive Director of the Company, inherited ownership of 3,933,000 ordinary shares in the Company ("Ordinary Shares") on 5 December 2019, at a probate value of 0.09 pence per share. Mr Laiker's resultant shareholding in the Company is 305,108,301 Ordinary Shares, equivalent to 17.75 per cent. of the Company's issued share capital.
For further information, please contact:
Vela Technologies plc
Tel: +44 (0) 7802 262 443
Brent Fitzpatrick, Non-Executive Chairman
Antony Laiker, Director
Allenby Capital Limited
(Nominated Adviser)
Tel: +44 (0) 20 3328 5656
Nick Athanas/Asha Chotai
Smaller Company Capital Limited
(Joint Broker)
Tel: +44 (0) 20 3651 2910
Rupert Williams/Jeremy Woodgate
About Vela Technologies
Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. There are currently 12 investments in the portfolio which either have developed ways of utilising technology or developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has also started to focus on existing listed companies where valuations may offer additional opportunities.
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
213800SWFEORWAP84393
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
Ordinary shares of 0.1p each
Identification code
ISIN: GB00BYZ9XC29
b)
Nature of the transaction
Probate grant
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.09p
3,933,000
d)
Aggregated information:
·Aggregated volume
·Price
N/A
e)
Date of the transaction
5 December 2019
f)
Place of the transaction
Outside a trading venue
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