Director/PDMR Shareholding

RNS Number : 1099W

Vela Technologies PLC

06 December 2019

 

6 December 2019

Vela Technologies plc

("Vela" or the "Company")

Director / PDMR Shareholding

The Board of Vela announces that, following a grant of probate on 10 September 2019, Antony Laiker, Executive Director of the Company, inherited ownership of 3,933,000 ordinary shares in the Company ("Ordinary Shares") on 5 December 2019, at a probate value of 0.09 pence per share. Mr Laiker's resultant shareholding in the Company is 305,108,301 Ordinary Shares, equivalent to 17.75 per cent. of the Company's issued share capital.

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 (Joint 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. 

1.	Details of the person discharging managerial responsibilities / person closely associated
a)		Name	Antony Laiker
2.		Reason for the Notification
a)		Position/status	Executive Director
b)		Initial notification/Amendment	Initial Notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name	Vela Technologies plc
b)		LEI	213800SWFEORWAP84393
4.		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)		Description of the Financial instrument, type of instrument	Ordinary shares of 0.1p each
		Identification code	ISIN: GB00BYZ9XC29
b)		Nature of the transaction	Probate grant
c)		Price(s) and volume(s)	Price(s) Volume(s) 0.09p 3,933,000
d)		Aggregated information: ·Aggregated volume ·Price	N/A
e)		Date of the transaction	5 December 2019
f)		Place of the transaction	Outside a trading venue

 

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