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13 Sep 2016 17:47
13 September 2016
Vela Technologies plc
("Vela" or "the Company")
PDMR Dealing
Further to the announcement by the Company on 9 September 2016, the board of Vela provides the notification below in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Antony Laiker | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Director | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Vela Technologies plc | ||||
b) | LEI | Not available | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Vela Technologies plc 8% convertible unsecured loan notes 2018 ("CLNs")
Identification code (ISIN) for Vela's existing ordinary shares of 0.1 pence each is GB00B7D7F340. Following a proposed Consolidation and Sub-division, as announced on 9 September 2016, the ISIN for the new Ordinary Shares will be GB00BYZ9XC29. Conditional on shareholder approval, the new ISIN is expected to take effect from 27 September 2016. | ||||
b) | Nature of the transaction | Purchase of CLNs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction | 8 September 2016 | ||||
f) | Place of the transaction | Outside a Trading Venue - conditional issue of CLNs | ||||
Vela Technologies plc | |
Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director
| Tel: +44 (0) 7802 262 443
|
Allenby Capital Limited (Nominated Adviser) | |
Nick Athanas/Katrina Perez/Nick Naylor
Smaller Company Capital Limited (Broker) Rupert Williams/Jeremy Woodgate
| Tel: +44 (0) 20 3328 5656
Tel: +44 (0) 20 3651 2910
|
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