The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://twitter.com/alwayznow_/status/1303975350683209728?s=20
Message to all pi's thinking of selling - There are plenty of ii's that desperately want your shares on the open market. What does that tell you! Have some patience, hold your nerve and reap the rewards. So much more news to come. DYOR
Do people just keep putting through 700s for fun lol, seen about 3 or 4 go through now
http://www.pennystockdream.com/Market-Maker-Signals
Elonmuskthescent - in all honesty an absolute punt that one and a bit of fun mate, happy to chat on other board but not a fan of cross chat. I'm a touch under 1100% up on SYME, haven't top sliced and will not even think about it until at least 2023. I've purposely not put my entire PF in SYME so that I don't get bored and start having second thoughts. IMO this is a life changing share and if anyone is in any doubt, email AZ with your research and queries... he is very engaging with shareholders!
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
Vela Technologies Plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
X
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name
Morton PTC Limited as Trustee of The Morton Family Trust (MFT), Hawk Investment Holdings Limited (HIHL), Morton PTC Limited as Trustee of The Andrew Morton Family Trust (TAMFT), Groundlinks Limited (GL)
City and country of registered office (if applicable)
HIHL - St Peter Port, Guernsey
GL - Tortola, British Virgin Islands
4. Full name of shareholder(s) (if different from 3.)v
Name
Hawk Investment Holdings Limited
Groundlinks Limited
City and country of registered office (if applicable)
HIHL - St Peter Port, Guernsey
GL - Tortola, British Virgin Islands
5. Date on which the threshold was crossed or reachedvi:
26th August 2020
6. Date on which issuer notified (DD/MM/YYYY):
27th August 2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
1.03%
7,171,860,577
Position of previous notification (if
applicable)
4.31%
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BYZ9XC29
70,114,318
(HIHL)
3,999,682
(GL)
0.98%
0.05%
SUBTOTAL 8. A
74,114,000
1.03%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument
Expiration
datex
Exercise/
Conversion Periodxi
Number of voting rights that may be acquired if the instrument is
exercised/converted.
Thu, 27th Aug 2020 14:27
RNS Number : 3682X
Vela Technologies PLC
27 August 2020
27 August 2020
Vela Technologies plc
("Vela")
Update re. WeShop Limited
The Board of Vela (AIM: VELA) notes the announcement made today by Two Shields Investments plc regarding a shareholder update issued by WeShop Limited ("WeShop") in relation to completion of a fundraise through the issue of a convertible loan note, and other matters.
Vela currently holds 71,429 shares in WeShop representing approximately 1.4% of WeShop's share capital. Vela originally subscribed for £100,000 in May 2014 as part of a £1 million seed funding round. The Board of Vela welcomes the new funding for WeShop, as detailed below, and continues to seek to dispose of part or all of its holding in WeShop, as announced on 3 December 2019.
Extracts from the shareholder update issued by WeShop are copied below:
WeShop Update
Highlights include:
· £9,000,000 fundraise completed through the issue of a convertible loan note
· Option granted for a further £2,777,777 cash investment
· Board changes including appointment of Yoav Keren, CEO of BrandShield, to the Board.
Financing
The Convertible Loan Note:
WeShop has announced that terms have been agreed, and completion happened on a £9,000,000 convertible loan note. The terms of the loan note are:
· Interest rate of 8% per annum for a 36-month period
· Unsecured from any debenture
· Conversion triggers which include an IPO, an exit or further funding rounds
· Conversion would occur at a 20% discount to the price of the conversion event
Option to acquire 10% for £2,777,777
The lead investor on the convertible loan note has also taken a 6-month option whereby it allows them to invest a further £2,777,777 into the business at a £25m valuation as equity which would give them a 10% stake in WeShop. Details of the Lead investor shall be released in the coming days.
WeShop Board Changes;
On the 13 August, Yoav Keren was appointed to the board of WeShop as Non-Executive Director. Yoav is the founder and CEO of Brandshield. BrandShield is an online threat hunting company, specialized in monitoring, detection and removal of online threats such as phishing attempts, executive impersonation, counterfeit products, trademark infringements and more. BrandShield was established to revolutionize the way companies can protect their digital assets outside their security perimeter.
https://twitter.com/alwayznow_/status/1298295231385919488?s=20
The 2x 65m @ 0.7469 = £970,970.00 !!