Source - RNS
RNS Number : 6514L
Vela Technologies PLC
04 October 2016
 

4 October 2016

 

Vela Technologies plc

("Vela" or the "Company")

 

Director share dealing

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 

Vela Technologies plc (AIM: VELA), the investing company focused on early stage and pre-IPO disruptive technology investments, announces that Brent Fitzpatrick (Chairman of Vela) has today notified the Company that he has today purchased 1,000,000 ordinary shares of 0.1 pence in the Company at a price of 0.1499 pence per share. Following this purchase, Mr Fitzpatrick's shareholding in the Company has increased to 2,500,000 ordinary shares, which represents approximately 0.35% of the Company's issued voting share capital.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.

 

 

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Nigel Brent Fitzpatrick MBE

2.          

Reason for the notification

a.          

Position/status

Non-Executive Chairman

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

Ordinary Shares of 0.1 pence

 

Identification code (ISIN) for Vela Technologies plc ordinary shares: GB00BYZ9XC29

 

b.          

Nature of the transaction

Purchase of shares

 

c.          

Price(s) and volume(s)

Price (s)

Volume

0.1499 pence per ordinary share

 

1,000,000 ordinary shares

d.          

Aggregated information

·      Aggregated volume

·      Price

N/A- single transaction

e.          

Date of the transaction

4 October 2016

 

f.          

Place of the transaction

Outside a trading venue

 

Vela Technologies plc


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

 

Smaller Company Capital Limited

(Broker)

Rupert Williams/Jeremy Woodgate

 

Tel: +44 (0) 20 3328 5656

 

 

 

Tel: +44 (0) 20 3651 2910

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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