29 Oct 2020 14:00
29 October 2020
Vela Technologies plc
("Vela" or "the Company")
Result of Annual General Meeting
The Board of Vela (AIM: VELA) announces that at its Annual General Meeting held earlier today, all resolutions were duly passed.
The proxy voting results of the resolutions are set out below:
Resolutions at Annual General Meeting | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Votes Withheld*** | Total votes cast**** |
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1. To receive and adopt the directors' report, the auditor's report and the Company's accounts for the year ended 31 March 2020. | 17,345,826 | 98.92% | 188,857 | 1.08% | 1,500,000 | 17,534,683 |
2. To re-appoint Murray Harcourt Limited as auditor of the Company. | 18,345,826 | 98.98% | 188,857 | 1.02% | 500,000 | 18,534,683 |
3. To authorise the Directors to determine the remuneration of the auditor. | 18,345,826 | 98.98% | 188,857 | 1.02% | 500,000 | 18,534,683 |
4. To re-appoint James Normand as a Director of the Company. | 18,345,826 | 98.98% | 188,857 | 1.02% | 500,000 | 18,534,683 |
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Notes:
*"Votes For" include votes giving the Chairman discretion.
**Percentages exclude "Votes Withheld".
***"Votes Withheld" are not votes in law and do not count in the number of votes counted for or against a resolution.
***"Total votes cast" do not include withheld votes.
For further information, please contact:
Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director
| Tel: +44 (0) 7421 728875 |
Allenby Capital Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0) 20 3328 5656 |
Nick Athanas / Asha Chotai
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Peterhouse Capital Limited (Joint Broker) | Tel: +44 (0) 20 7469 0930 |
Lucy Williams / Duncan Vasey / Eran Zucker
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About Vela Technologies plc
Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. Vela's investee companies have either developed ways of utilising technology or are in the process of developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has broadened its focus to include existing listed companies where valuations may offer additional opportunities.