#VELA Technologies PLC – Result of AGM November 12, 2024 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, announces that at its Annual General Meeting (“AGM”) held earlier today, all resolutions were duly passed. The proxy voting results of the resolutions are set out below: Resolutions at the Annual General Meeting Votes For* % of votes cast** Votes Against % of votes cast** Votes Withheld*** Total votes cast**** ORDINARY RESOLUTIONS 1. To receive and…

#VELA Vela Technologies – Update re. investment in EnSilica May 14, 2024 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, today provides an update on its investment in EnSilica plc (“EnSilica”). Between 4 July 2023 and 10 May 2024 the Company sold a total of 430,000 shares in EnSilica at an average price of 62p per share generating aggregate net proceeds of approximately £265,633 for the Company (“the Disposal”). The Disposal is expected to generate a…

#VELA investee co. #SKL Skillcast Group PLC – Full Year Trading Update January 31, 2024 – Posted in: Vela Technologies Plc (VELA)

Skillcast Group plc, the provider of SaaS compliance platforms and off-the-shelf e-learning, is pleased to announce a trading update for the year ended 31 December 2023, a further year of strong growth in annualised recurring revenue (“ARR”)*. The Group’s revenue for 2023 is expected to be c. £11.3 million, 15% higher than the previous year (2022: £9.8 million). The revenue growth is entirely organic and driven by strong growth in recurring subscription revenues,…

#VELA investee co. #TRYB Tribe Technology PLC – Directorate Change January 11, 2024 – Posted in: Uncategorized

Tribe Technology PLC (AIM: TRYB), a disruptive developer and manufacturer of autonomous mining equipment, announces that Eric Hampel has notified the Company of his intention to step down as Chief Financial Officer (“CFO”) and as a director of the Company, due to personal circumstances. Eric will remain as CFO and as a director of the Company until July 2024. Eric will remain focused on running the Company’s finance function and continue to support Tribe Tech…

#VELA Vela Technologies PLC – Interim Results December 22, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

Vela Technologies plc (AIM: VELA), an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, is pleased to announce its interim results for the six months ended 30 September 2023. Overview The last six months have continued to be challenging for capital markets with political unrest continuing both at home and abroad, the continuing war in Ukraine and rising inflation and interest rates continue to be factors impacting the small-cap marketplace in…

#VELA Vela Technologies PLC – Final results for the year ended 31 March 2023 September 28, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to announce the Company’s final results for the year ended 31 March 2023. Vela’s Annual Report and Accounts for the year ended 31 March 2023 (“Annual Report”) will be sent to shareholders today. The Company’s Annual Report will be available shortly on the Company’s website at http://www.velatechplc.com/ Highlights Financial: · Net assets decreased to £7,004,480 compared…

#VELA Vela Technologies PLC – Quarterly Investment Update September 27, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to report an update for the quarter ended 30 June 2023. Executive Director, James Normand, commented: “Market valuations of Vela’s listed investee companies remain, like so many others in the small- and micro-cap sector, well below the valuations that one would expect to be applied in ‘normal’ stock market times. The directors of Vela believe, however,…

#VELA Vela Technologies PLC – Further update re. Economic Interest in AZD1656 September 8, 2023 – Posted in: Uncategorized

Further to the Company’s announcements on 15 August 2023 and 7 September 2023, the Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes that Murphy Canyon Acquisition Corp. (NASDAQ: MURF) (“Murphy”) announced yesterday that the special meeting of stockholders to approve, amongst other things, its initial business combination with Conduit Pharmaceuticals Limited has been postponed further and will now be held on 20 September 2023. …

#VELA Vela Technologies PLC – Update re. Economic Interest in AZD1656 September 7, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

Further to the Company’s announcement on 15 August 2023, the Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes that Murphy Canyon Acquisition Corp. (NASDAQ: MURF) (“Murphy”) has recently announced that the special meeting of stockholders to approve, amongst other things, its initial business combination with Conduit Pharmaceuticals Limited has been postponed and will now be held on 13 September 2023. This meeting presents an…

#VELA Technologies PLC investee co #TRYB Tribe Tech PLC – Update on investment in Tribe Technology Group September 5, 2023 – Posted in: Uncategorized

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes the admission to AIM and first day of dealings announcement made today by Tribe Technology PLC (“Tribe Tech”). As announced on 23 May 2023, Vela invested £250,000 in Tribe Technology Group Limited, a subsidiary of Tribe Tech, via a subscription to an advance subscription agreement (“ASA”) as part of a pre-IPO funding round. Pursuant to…