Completion of investment in THEVIBE Ltd

RNS Number : 1513P

Vela Technologies PLC

15 November 2016

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR")

15 November 2016

Vela Technologies plc

("Vela", the "Company" or the "Group")

Completion of investment in THEVIBE Ltd

Further to the Company's announcement on 4 October 2016, the Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, confirms that THEVIBE Ltd's (trading as Vibe Tickets) ("Vibe Tickets") Crowdcube funding round has successfully completed raising a total of £608,890. Vela invested £200,000 in Vibe Tickets as part of this funding round.

Following completion of the funding round Vela is the registered holder of 428,346 ordinary shares in Vibe Tickets and holds a 3.63 per cent. equity interest in the share capital of Vibe Tickets.

For further information on Vibe Tickets please refer to the Company's announcement of 4 October 2016.

For further information, please contact:

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

 

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