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Pin to quick picksVela Technologies Share News (VELA)

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TRADING UPDATES: Vela to invest in Tribe Tech; Seraphim NAV down

Tue, 23rd May 2023 17:16

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Civitas Social Housing PLC - Exeter, England-based healthcare real estate investment trust - Skandinaviska Enskilda Banken AB sells entire 10% stake in company on Monday.

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Crossword Cybersecurity PLC - London-based cybersecurity company focused on cyber strategy and risk, supply chain cyber, threat detection and response, and digital identity, working with UK universities - Notes subsidiary Crossword Consulting Ltd enters related-party agreement with consultancy of director. Says agreement worth up to GBP750,000 is with Cumberland House Consulting Ltd, a company connected to Director Robert Coles. Crossword Consulting will provide services to a Cumberland client, the firm says.

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Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Notes investee Omega Oil spuds second well, Canyon 1 in Australia, on May 8. Says well reaches total depth of 4,000 metres.

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Horizonte Minerals PLC - Nickel project developer in Brazil - G10 Capital Ltd sells entire 23% stake in company on May 2, as La Mancha Resource Capital LLP buys 23% stake in Horizonte Minerals the same day.

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RM Infrastructure Income PLC - invests in loans to infrastructure assets - Says continues to deliver on investment objective of providing "attractive" net asset value total returns. Firm says it has "refreshed its investment focus on social & environmental infrastructure, increasing exposures to its core target sectors with approximately 59% of the portfolio's committed capital currently invested within social & environmental infrastructure." Declares 1.625 pence per share dividend. RM Infrastructure says will allow broader review of its strategy, superseding a previously announced liquidity opportunity consultation.

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Seraphim Space Investment Trust PLC - space technology investment firm - In the third financial quarter that ended on March 31, reports net asset value per share drop of 1.0% to 91.77 pence from 92.74p as at December 31. Company notes macro-economic headwinds. CEO Mark Boggett says: "The quarter saw the team focused on portfolio activities whilst continuing to build a pipeline offering exposure to the highest calibre SpaceTech companies. Over the quarter, we supported an important emerging portfolio company, QuadSAT, and closed an additional follow-on investment and a new early-stage investment after the period end."

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Vela Technologies PLC - early stage-focused technology investor - Says will invest GBP250,000 in Tribe Technology Group Ltd, as part of a GBP2.0 million pre-IPO funding round undertaken by Tribe Tech, which offers autonomous reverse circulation. In the year ended June 30, Tribe Tech had reported a post-tax loss of GBP1.7 million.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Jul 2022 12:42

Vela Technologies portfolio expands in June quarter

(Sharecast News) - Early-stage technology investor Vela said in an update on Friday that its portfolio comprised a total of 13 active investments at the end of the June quarter, up from 12 at the end of March.

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22 Jul 2022 11:21

IN BRIEF: Vela Technologies posts rise in investment portfolio value

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Portfolio valuation stands at GBP6.0 million as at June 30, up 7.1% compared to GBP5.6 million as at March 31.

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4 Jul 2022 05:51

Community-owned shopping platform WeShop launches, with IPO in sight

(Alliance News) - British tech firm WeShop is launching itself as the world's first community-owned social e-commerce platform, offering shoppers shares in the group every time they make a purchase.

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23 Jun 2022 14:47

IN BRIEF: Vela Technologies takes 5% stake in TruSpine Technologies

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Invests GBP300,000 in TruSpine Technologies PLC. Vela subscribes for 6.0 million TruSpine shares, giving Vela a 5.1% stake. Vela doesn't provide the price per share that it paid, but the amount paid would equate to a price of 5 pence per TruSpine share. The stock was quoted on Aquis Stock Exchange in London on Thursday afternoon at 4.8p.

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14 Jun 2022 17:47

IN BRIEF: Vela to look into TruSpine share buy without board consent

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Notes subscription for GBP300,000 in shares in AQSE-listed medical device firm TruSpine Technologies PLC on Friday last week, made on Vela's behalf as part of a placing conducted by TruSpine.

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19 May 2022 20:37

EnSilica targets GBP38 million market value in AIM float

(Alliance News) - Semiconductor designer and supplier EnSilica PLC on Thursday said it will float on London's junior AIM Market on Tuesday.

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10 May 2022 18:08

IN BRIEF: Semiconductor designer Ensilica targets AIM IPO in late May

Ensilica PLC - Oxfordshire-based semiconductor designer and supplier with design centres in India and Brazil - Expects admission to London's Alternative Investment Market in late May. Since 2001, has been a supplier and designer of mixed-signal Application Specific Integrated Circuits, a type of integrated circuit or semiconductor chip developed for specific purposes, rather than general use. Its customer base consists of global corporations, original equipment manufacturers and technology start-ups. Details of initial public offering price or expected market capitalisation are yet to be confirmed.

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30 Mar 2022 12:53

IN BRIEF: Vela Technologies rises after acquiring stake in Ingraine

Vela Technologies PLC - Bradford, England-based investment company focused on early-stage technology companies - Acquires a 29% interest in the medical technology investment company Ingraine PLC. The stake was acquired for GBP430,705 at 1.8 pence per Ingraine share. Vela says the investment is part of its commitment to be more active in identifying opportunities for "fast-track returns".

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7 Mar 2022 12:01

Vela Technologies notes positive data for Covid-19 therapy trial

(Alliance News) - Vela Technologies PLC noted a positive outcome on Monday for a Covid-19 therapy trial by Herfordshire, England-based medical charity St George Street Capital Ltd.

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7 Feb 2022 11:25

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7 Feb 2022 11:12

Vela Technologies' investment portfolio value rises on new investment

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17 Jan 2022 16:10

UK shareholder meetings calendar - next 7 days

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17 Jan 2022 13:02

Vela puts £0.75m into integrated circuit company EnSilica

(Sharecast News) - Technology investment company Vela has invested £0.75m in EnSilica, it announced on Monday, which it described as a fabless semiconductor design business focused on custom mixed-signal application-specific integrated circuits (ASICs).

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17 Jan 2022 12:48

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IN BRIEF: Vela nets GBP182,500 from sale of Northcoders shares

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