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 |
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Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director |
Tel: +44 (0) 7802 262 443 |
Allenby Capital Limited (Nominated Adviser) Nick Athanas/Katrina Perez/Nick Naylor |
Tel: +44 (0) 20 3328 5656 |
Smaller Company Capital Limited (Broker) Rupert Williams/Jeremy Woodgate |
Tel: +44 (0) 20 3651 2910 |
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