Vela Technologies #VELA – Investee co R8 Capital Investments update on proposed transaction December 6, 2024 – Posted in: Vela Technologies Plc (VELA)

The Company announced on 2 October 2023 that it had entered into heads of terms with Redwood Financial Partners Limited (“RFPL“), and announced further updates on 10 November 2023, 15 March 2024 and 27 September 2024, in relation to the proposed acquisition by the Company of the entire issued share capital of RFPL. Despite best efforts to progress the transaction, the respective boards of the Company and RFPL have now decided to terminate discussions by…

Vela Technologies #VELA – Investee Co R8 Capital Investments #MODE updates on Proposed Transaction March 15, 2024 – Posted in: Blog, Vela Technologies Plc (VELA)

Further to the announcement on 10 November 2023 regarding the Company entering into heads of terms with Redwood Financial Partners Limited (“RFPL”) in relation to the proposed acquisition by the Company of the entire issued share capital of RFPL (the “Transaction”), the Company would like to provide a further update on the likely timeframe for completion. The parties now believe that completion of the Transaction will be on or around 31 August 2024. The extended…

Vela Technologies #VELA – Investee co R8 Capital Investments update on proposed transaction December 6, 2024 – Posted in: Vela Technologies Plc (VELA)

Vela Technologies #VELA – Investee Co R8 Capital Investments #MODE updates on Proposed Transaction March 15, 2024 – Posted in: Blog, Vela Technologies Plc (VELA)

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