#VELA Vela Technologies – Update re. investment in EnSilica May 19, 2022 – Posted in: Blog, Vela Technologies Plc (VELA) – Tags: , , , , , , ,

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes the announcement made today by EnSilica PLC (“EnSilica”) regarding EnSilica’s intention to seek admission of its shares to trading on AIM.

As announced on 17 January 2022, Vela invested £750,000 in EnSilica in the form of convertible loan notes (“the Loan Notes”) as part of a pre-IPO funding round. The Loan Notes and interest accrued since the investment was made automatically convert on an IPO of EnSilica into new ordinary shares in EnSilica at a 12 per cent. discount to the price at which such shares are subscribed in the IPO.

It is anticipated that on Admission, Vela will be interested in 1,764,788 ordinary shares in EnSilica representing 2.3 per cent. of the issued share capital.

An extract from the announcement issued by EnSilica is set out below. The full announcement can be found here: https://www.londonstockexchange.com/news-article/market-news/placing-and-proposed-admission-to-trading-on-aim/15460179

 

For further information, please contact:

Vela Technologies plc

Brent Fitzpatrick, Non-Executive Chairman

James Normand, Executive Director

 

Tel: +44 (0) 7421 728875

Allenby Capital Limited (Nominated Adviser)

Tel: +44 (0) 20 3328 5656

Nick Athanas / Piers Shimwell

 

Peterhouse Capital Limited (Broker)

Tel: +44 (0) 20 7469 0930

Lucy Williams / Duncan Vasey / Eran Zucker 

 

 

 

Novus Communications (PR and IR Adviser)

Tel: +44 (0) 20 7448 9839

Alan Green / Jacqueline Briscoe