TIDMVELA

RNS Number : 0379L

Vela Technologies PLC

27 April 2020

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

Vela Technologies plc

("Vela" or the "Company")

Disposal of holding in Rosslyn Data Technologies plc

The Board of Vela (AIM: VELA) announces that between 19 February 2020 and 27 April 2020 the Company disposed of a total of 1,411,111 ordinary shares in Rosslyn Data Technologies plc ("Rosslyn Data") at prices between 3.8 pence per share and 5.3 pence per share and with an average price of 4.17 pence per share generating proceeds of GBP58,868 for the Company (the "Disposal").

Following the Disposal Vela no longer holds any shares in Rosslyn Data.

The proceeds from the Disposal will be used by the Company for general working capital purposes.

For further information, please contact:

 
 Vela Technologies plc                       Tel: +44 (0) 7802 
                                              262 443 
 Brent Fitzpatrick, Non-Executive Chairman 
  Antony Laiker, Director 
 Allenby Capital Limited                     Tel: +44 (0) 20 3328 
  (Nominated Adviser and Broker)              5656 
 Nick Athanas/Asha Chotai

About Vela Technologies

Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. There are currently 11 investments in the portfolio which either have developed ways of utilising technology or developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has also started to focus on existing listed companies where valuations may offer additional opportunities.

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END

DISBLGDSBUDDGGR

(END) Dow Jones Newswires

April 27, 2020 12:56 ET (16:56 GMT)

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