Vela Technologies PLC Completion of investment in THEVIBE Ltd (1513P)
November 15 2016 - 2:01AM
UK Regulatory
TIDMVELA
RNS Number : 1513P
Vela Technologies PLC
15 November 2016
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 GBP608,890. Vela invested GBP200,000 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
Brent Fitzpatrick,
Non-Executive Chairman Tel: +44 (0)
Antony Laiker, Director 7802 262 443
Allenby Capital Limited
(Nominated Adviser)
Nick Athanas/Katrina Tel: +44 (0)
Perez/Nick Naylor 20 3328 5656
Smaller Company Capital
Limited
(Broker) Tel: +44 (0)
Rupert Williams/Jeremy 20 3651 2910
Woodgate
This information is provided by RNS
The company news service from the London Stock Exchange
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