Result of AGM

Vela Technologies PLC

12 November 2024

 

12 November 2024

Vela Technologies plc

("Vela" or the "Company")

Result of Annual General Meeting

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, announces that at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.

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

Resolutions at the 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 2024.	5,225,130,044	99.06%	49,685,508	0.94%	302,005,000	5,274,815,552
2. To re-appoint TC Group as auditor of the Company.	5,220,087,780	99.09%	47,727,772	0.91%	309,005,000	5,267,815,552
3.To authorise the Directors to determine the remuneration of the auditor.	5,157,887,061	98.19%	95,267,777	1.81%	323,665,714	5,253,154,838
4.To re-appoint Brent Fitzpatrick as a Director of the Company.	4,951,031,890	89.04%	609,137,279	10.96%	16,651,383	5,560,169,169
5.To approve the general authority to allot shares	4,951,143,543	93.90%	321,843,564	6.10%	303,833,445	5,272,987,107
SPECIAL RESOLUTION
6.To approve the authority to allot equity securities for cash	4,932,676,209	88.65%	631,343,564	11.35%	12,800,779	5,564,019,773

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]
Allenby Capital Limited (Nominated Adviser)	Tel: [phone]
Nick Athanas / Piers Shimwell
Peterhouse Capital Limited (Broker)	Tel: [phone]
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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