Last checked at 30 Aug 2019 11:25
30 August 2019
Vela Technologies plc
("Vela" or the "Company")
Result of General Meeting
The Board of Vela announces that at its general meeting held earlier today, all resolutions were duly passed on a show of hands. The proxy voting results of the resolutions are also included below:
Resolutions | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Votes Withheld*** | Total votes cast**** |
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1 | 525,011,464 | 87.48% | 75,114,000 | 12.52% | 188,857 | 600,125,464 |
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2 | 525,011,464 | 87.48% | 75,114,000 | 12.52% | 188,857 | 600,125,464 |
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3 | 525,011,464 | 87.46% | 75,302,857 | 12.54% | - | 600,314,321 |
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4 | 525,011,464 | 87.48% | 75,114,000 | 12.52% | 188,857 | 600,125,464 |
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5 | 525,011,464 | 87.46% | 75,302,857 | 12.54% | - | 600,314,321 |
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6 | 525,011,464 | 87.48% | 75,114,000 | 12.52% | 188,857 | 600,125,464 |
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
Further to the announcement on 14 August 2019, the Company now has the required share authorities to enable the Placing Warrants to be exercised in full. As previously announced, the Company will issue 100,000,000 warrants in aggregate, to the subscribers of the Placing Shares. Having participated in the Placing, Antony Laiker (Executive Director) will be issued with 6,250,000 of the warrants.
Total Voting Rights
Further to the announcement on 14 August 2019, an application has been made for the admission of the Antony Laiker Subscription Shares to trading on AIM ("Admission"), which is expected to take place at 8:00 a.m. on 2 September 2019.
On Admission, the issued share capital of the Company will consist of 1,718,943,717 Ordinary Shares with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 1,718,943,717. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
From Admission, Antony Laiker (Executive Director) will be beneficially interested in 301,175,301 Ordinary Shares representing approximately 17.52 per cent of the Company's issued share capital as enlarged by the Antony Laiker Subscription Shares.
Defined terms used in this announcement shall have the meaning ascribed to them in the Company's Circular dated 14 August 2019.
For further information, please contact:
Vela Technologies plc | Tel: +44 (0) 7802 262 443 |
Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director
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Allenby Capital Limited (Nominated Adviser) | Tel: +44 (0) 20 3328 5656 |
Nick Athanas/Asha Chotai
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Smaller Company Capital Limited (Broker) | Tel: +44 (0) 20 3651 2910 |
Rupert Williams/Jeremy Woodgate |
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About Vela Technologies
Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. There are currently 12 investments in the portfolio which either have developed ways of utilising technology or developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has also started to focus on existing listed companies where valuations may offer additional opportunities.