REG - Vela Technologies - Further update re TruSpine Technologies plc

Vela TechnologiesAnnouncement

14/06/2022 13:00

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RNS Number : 8374O  Vela Technologies PLC  14 June 2022

14 June 2022

Vela Technologies PLC

("Vela" or "the Company")

Further update re TruSpine Technologies plc

The Board of Vela (AIM:VELA) has become aware that the announcement that it
made at 7.00 a.m. on Tuesday 14 June 2022 has been misinterpreted in some
quarters and is therefore issuing this further update.

The earlier announcement stated that a placing letter had been signed on
behalf of Vela without the authority of the Vela Board.  Vela wishes to
clarify that the broker referred to in the announcement as 'the Company's own
broker' was not Vela's Broker, Peterhouse Capital Limited ('Peterhouse') but
was a reference to the retail stockbroker and custodian used by Vela.

Vela also wishes to apologise to Peterhouse for the misunderstanding that may
have arisen from the original announcement.

For further information, please contact:

 Vela Technologies plc                         Tel: +44 (0) 7421 728875

 Brent Fitzpatrick, Non-Executive Chairman

 James Normand, 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
 Lucy Williams / Duncan Vasey / Eran Zucker

 Novus Communications (PR and IR Adviser)      Tel: +44 (0) 20 7448 9839
 Alan Green / Jacqueline Briscoe

 

About Vela Technologies

Vela Technologies plc (AIM: VELA) is an investing company focused on early
stage and pre-IPO long term disruptive technology investments. Vela's
investee companies have either developed ways of utilising technology or are
developing technology with a view to disrupting the businesses or sector in
which they operate. Vela Technologies will also invest in already-listed
companies where valuations offer additional opportunities.

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