IN BRIEF: Vela Technologies notes drop in quarterly asset valuation

Fri, 23rd Feb 2024 21:25

Vela Technologies PLC - Early stage-focused technology investor - Issues quarterly investment update. Says the value of Vela's total assets decreased during the quarter to December 31 by 9% to GBP6.2 million. Notes Vela's portfolio comprised a total of 15 active investments, unchanged from the end of the previous quarter. Two of these investments were unquoted, 13 were quoted. Estimates the fair value of the investment portfolio was GBP6.2 million, down from GBP6.8 million at September 30.

Current stock price: 0.014 pence

12-month change: down 30%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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