LONDON (Alliance News) - Vela Technologies PLC on Monday said it has extended the repayment date for half of its GBP400,000 loan notes, and that the holder of the other half of these notes will not seek repayment.
The technology investor reached an agreement with a significant shareholder, Scott Fletcher, extending the repayment date for GBP200,000 convertible unsecured loan notes by one year to September 2019.
Further to this, company director Antony Laiker has indicated to Vela that he "will not be seeking repayment" of the remaining GBP200,000 loan notes.
Shares in Vela Technologies were trading up 2.9% at 0.31 pence on Monday.
Vela Technologies (VELA)