Result of AGM

Vela Technologies PLC

11 December 2023

 

11 December 2023

Vela Technologies plc

("Vela" or "the Company")

Result of Annual General Meeting

The Board of Vela (AIM: VELA) announces that at its Annual General Meeting ("AGM") held earlier today, all resolution were duly passed.

The proxy voting results of the Resolutions are set out below:

Resolutions at Annual General Meeting	Votes For*	% of votes cast**	Votes Against	% of votes cast**	Votes Withheld***	Total votes cast****
ORDINARY RESOLUTIONS
1. To receive and adopt the directors' report, the auditor's report and the Company's accounts for the year ended 31 March 2023.	1,883,100,928	92.75%	147,284,895	7.25%	85,819,746	2,030,385,823
2. To re-appoint TC Group as auditor of the Company.	1,875,107,810	92.35%	17,964,540	0.88%	223,133,219	1,893,072,350
3.To authorise the Directors to determine the remuneration of the auditor.	1,835,957,578	90.42%	192,935,959	9.50%	87,312,032	2,028,893,537
4.To re-appoint Emma Wilson as a Director of the Company.	1,607,161,989	79.16%	472,848,415	23.29%	36,195,165	2,080,010,404
5.To approve the general authority to allot shares	1,604,309,815	79.02%	412,933,268	20.34%	98,962,486	2,017,243,083
SPECIAL RESOLUTION
6.To approve the authority to allot equity securities for cash	1,599,809,815	78.79%	417,433,268	20.56%	98,962,486	2,017,243,083

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.

For further information, please contact:

Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director	Tel: [phone] Email:[e-mail]
Allenby Capital Limited (Nominated Adviser)	Tel: [phone]
Nick Athanas / Piers Shimwell
Peterhouse Capital Limited (Broker)	Tel: [phone]
Lucy Williams / Duncan Vasey
Novus Communications (PR and IR Adviser)	Tel: [phone]
Alan Green / Jacqueline Briscoe

About Vela Technologies plc

Vela Technologies plc (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments.  Vela's investee companies have either developed ways of utilising technology or are developing technology with a view to disrupting the businesses or sector in which they operate. Vela Technologies will also invest in already-listed companies where valuations offer additional opportunities.

 

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