Director/PDMR Dealing

RNS Number : 7478J

Vela Technologies PLC

13 September 2016

 

13 September 2016

Vela Technologies plc

("Vela" or "the Company")

PDMR Dealing

Further to the announcement by the Company on 9 September 2016, the board of Vela provides the notification below in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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	Not available
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 Identification code	Vela Technologies plc 8% convertible unsecured loan notes 2018 ("CLNs") Identification code (ISIN) for Vela's existing ordinary shares of 0.1 pence each is GB00B7D7F340. Following a proposed Consolidation and Sub-division, as announced on 9 September 2016, the ISIN for the new Ordinary Shares will be GB00BYZ9XC29. Conditional on shareholder approval, the new ISIN is expected to take effect from 27 September 2016.
b)	Nature of the transaction	Purchase of CLNs
c)	Price(s) and volume(s)	Price(s) Volume(s) £1 £200,000 nominal
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above  Price(s) Volume(s) £1 £200,000 nominal
e)	Date of the transaction	8 September 2016
f)	Place of the transaction	Outside a Trading Venue - conditional issue of CLNs

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

 

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