Change of Adviser

RNS Number : 0694I

Vela Technologies PLC

06 August 2019

 

6 August 2019 

Vela Technologies plc

("Vela" or the "Company")

Change of Adviser

The Board of Vela notes the news story published on the Financial Conduct Authority ("FCA") website on 5 August 2019, stating that SVS Securities plc ("SVS") has been placed into Special Administration. SVS were a joint broker to Vela however as a result of these developments SVS will no longer be able to provide broking services to Vela. As a consequence, Smaller Company Capital Limited is now the Company's sole broker with immediate effect.

For further information, please contact: 

Vela Technologies plc	Tel: [phone]
Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director
Allenby Capital Limited (Nominated Adviser)	Tel: [phone]
Nick Athanas/Asha Chotai
Smaller Company Capital Limited (Broker)	Tel: [phone]
Rupert Williams/Jeremy Woodgate

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.  

 

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