Vela Technologies Regulatory News (VELA)

Vela Technology Plc ("Vela" or "the Company") First Investment under new policy 15 August 2013 The Board of Vela is pleased to announce that the Company has completed itsfirst investment under the new investing policy adopted on 14th January2013. Vela is acquiring 262,090 Ordinary Shares in eSeekers Ltd, which following anagreed corporate restructuring will give the Company an equivalent interest inDisruptive Tech Limited (DTL) a Gibraltar based holding Company which owns andactively manages investments in a number of technology enterprises , including; * Interest Labs Limited (www.interestlabs.com) an advanced technology platform enabling high quality connections between brands and consumers. * Nektan Limited (www.nektan.com) which delivers online gaming products and services for commercial operators and government lotteries. Nektan has recently acquired Mfuse Limited, a London-based specialists in mobile games development for the gambling sector, for an undisclosed sum. * VNU Capital LLC (owner of www.venue.com and www.emporium.com) a direct retailer of consumer products via ecommerce and high yield consumer credit solutions in the US. * Freeformers Limited (www.freeformers.com) which helps global companies understand and leverage technology by connecting them with developers and entrepreneurs, providing Application training and development. The investment of £250,000 will give Vela an interest of 0.63% of DTL's issuedcapital. The consideration payable to the vendor, Innov8 Social Media plc comprises £125,000 cash and £125,000 satisfied through the issue of 8,333,333 Vela 0.1pordinary shares at 1.5p per share(the "Consideration Shares") representing adiscount of 14% to last night's closing mid-market price of 1.75p andapproximately 6.13% of the Company's enlarged issued ordinary share capital. Application will be made for the Consideration Shares, which rank pari passuwith the Company's existing issued ordinary shares, to be admitted to tradingon AIM. It is expected that Admission will become effective on 21 August 2013.Following the issue, the Company has 136,012,641 ordinary shares of 0.1p eachin issue, each carrying the right to one vote. The Company does not hold anyordinary shares in Treasury. The above figure of 136,012,641 ordinary sharesmay be used by shareholders in the Company as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, the share capital of the Companyunder the Financial Conduct Authority's Disclosure and Transparency Rules. Non Executive Chairman Brent Fitzpatrick commented This first investment marks both an exciting and positive step in thedevelopment of the Company as an investor in innovative technologies, which hasbeen enabled by the £300,000 Placing announced on 9th August. Through ourinvestment in DTL we have gained exposure to a number of private and pre-IPOinvestments in known high growth sectors whilst retaining a large proportion ofthe Company's current cash reserves. There is a wealth of promising investmentopportunities in the technology sector in which I believe we are now wellpositioned to participate. For further Information Vela Technologies plc e-mail brent@lowwave.co.ukBrent FitzpatrickNon-Executive Chairman ZAI Corporate Finance Tel 0207 060 0220NomadPeter Trevelyan-Clark/Wei Wang Peterhouse Corporate Finance Tel 0207 469 0932BrokerEran Zucker