REG - Vela Technologies - Result of AGM

Vela TechnologiesAnnouncement

25/10/2022 13:00

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RNS Number : 0597E  Vela Technologies PLC  25 October 2022

25 October 2022

 

Vela Technologies plc

("Vela" or "the Company")

 

Result of Annual General Meeting

 

 

The Board of Vela (AIM: VELA) announces that at its Annual General Meeting
("AGM") held earlier today, all resolution were duly passed save for
resolution 5. Resolution 5, to re-appoint Antony Laiker as a Director of the
Company, was not put to the meeting as Antony Laiker has stepped down from the
board of the Company, as announced on 20 October 2022.

The proxy voting results of the Resolutions are set out below:

 Resolutions at Annual General Meeting                                          Votes For*     % of votes cast**  Votes Against  % of votes cast**  Votes Withheld***  Total votes cast****
 ORDINARY RESOLUTIONS
 1. To receive and adopt the directors' report, the auditor's report and the    1,367,725,890  99.1%              12,154,874     0.9%               1,210,276          1,379,880,764
 Company's accounts for the year ended 31 March 2022.
 2. To re-appoint TC Group as auditor of the Company.                           1,364,786,167  98.8%              16,304,873     1.2%               -                  1,381,091,040
 3.To authorise the Directors to determine the remuneration of the auditor.     1,363,525,890  98.7%              17,565,150     1.3%               -                  1,381,091,040
 4.To re-appoint James Normand as a Director of the Company.                    1,237,829,690  89.6%              143,211,350    10.4%              50,000             1,381,041,040
 6. To allow the Company to send or supply documents to members by making them  1,366,536,167  98.9%              14,554,873     1.1%               -                  1,381,091,040
 available via electronic means
 7. To approve the general authority to allot shares                            1,252,871,367  91.0%              123,630,615    9.0%               4,589,058          1,376,501,982
 SPECIAL RESOLUTION
 8. To approve the authority to allot equity securities for cash                1,288,138,256  94.7%              72,251,146     5.3%               20,701,638         1,360,389,402

 

Notes:

*"Votes For" include votes giving the Chairman discretion.

**Percentages exclude "Votes Withheld".

***"Votes Withheld" are not votes in law and do not count in the number of
votes counted for or against a resolution.

****"Total votes cast" do not include withheld votes.

 

 

For further information, please contact:

 

 Vela Technologies plc                                          Tel: +44 (0) 741 088 6830

 Brent Fitzpatrick, Non-Executive Chairman

 James Normand, Executive Director                              Email:info@velatechplc.com

 Allenby Capital Limited (Nominated Adviser and Joint Broker)   Tel: +44 (0) 20 3328 5656
 Nick Athanas / Piers Shimwell

 Peterhouse Capital Limited (Joint Broker)                      Tel: +44 (0) 20 7469 0930
 Lucy Williams / Duncan Vasey / Eran Zucker/ Lauren riley

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

 

About Vela Technologies plc

 

Vela Technologies (AIM: VELA) is an investing company focused on early stage
and pre-IPO long term disruptive technology investments. Following the
investment announced today there will be seven investments in the portfolio
which have either developed ways of utilising technology or are in the process
of developing technology with a view to disrupting the businesses or sector in
which they operate. More recently, Vela Technologies has broadened its focus
to include existing listed companies where valuations may offer additional
opportunities.

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