Truspine Technologies #TSP – Alan Green talks to Chairman Geoff Miller June 7, 2024 – Posted in: Blog, TruSpine Plc (TSP)

Alan Green talks to recently appointed Chairman Geoff Miller following today’s AGM. Geoff explains how he and the board have re-established regular contact with investors and shareholders, and also established a good working relationship with Frank Boehm, the inventor of the IP that underlies the TruSpine offering. Geoff then answers a series of questions from shareholders and investors: he clarifies the IP position, covers the major shareholders and Vela Technologies, and looks at how the…

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Vela Technologies #VELA investee co EnSilica #ENSI appoints Chief Financial Officer May 13, 2024 – Posted in: Vela Technologies Plc (VELA)

Vela investee co EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that, further to the announcement on 5 February 2024, Kristoff Rademan has today been appointed as a director of the Company and commenced his role as Chief Financial Officer. For further information please contact:   EnSilica plc Ian Lankshear, Chief Executive Officer www.ensilica.com Via Vigo Consulting +44 (0)20 7390 0233   Allenby Capital Limited, Nominated…

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Vela Technologies #VELA – Investee Co Skillcast #SKL results for 12 months ended 31 Dec 2023 April 25, 2024 – Posted in: Blog, Vela Technologies Plc (VELA)

Skillcast (AIM: SKL), the provider of SaaS compliance platforms and off-the-shelf e-learning, is pleased to announce its audited results for the twelve months ended 31 December 2023. Highlights   2023   2022 Change (2023 v 2022 ) Total Revenue £11.3m £9.8m +15% Subscription revenue £8.6m £6.7m +28% Gross margin (%) 69.7% 70.1% -0.4pps Annualised recurring revenue (ARR)* £9.3m £6.8m +37% Overheads £8.8m £7.4m +18% (LBITDA)* -£0.6m -£0.3m n/a Basic loss of earnings per share (pence)…

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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…

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Vela Technologies #VELA – Chris Cooke Major Shareholding February 26, 2024 – Posted in: Blog, Vela Technologies Plc (VELA)

Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, announces that it was notified on 26 February 2024 that Chris Cooke has a beneficial interest in 1,490,645,954 ordinary shares of 0.01 pence each in the Company representing 9.17 per cent. of the Company’s issued share capital. For further information, please contact: Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director   Tel: +44 (0) 7421 728875 Allenby Capital…

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Vela Technologies #VELA – Quarterly Investment Update February 23, 2024 – 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 31 December 2023. Key numbers as at 31 December 2023* ·      The value of Vela’s total assets (including cash) decreased during the quarter by £639,000 (9%) to £6,180,000 (quarter to 30 September 2023 – increase of £942,000 to £6,819,000 (16%)). ·      Vela’s portfolio comprised a total of 15…

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#VELA Vela Technologies Investee Co. – #CODE Northcoders – TRADING UPDATE January 30, 2024 – Posted in: Vela Technologies Plc (VELA)

 ‘FY-2023 in line with expectations; strong start to FY-2024’ Northcoders (AIM:CODE), a UK market leading technology training business, is pleased to provide the following trading update for the year ended 31 December 2023 (the ‘period’ or ‘FY-2023’). The Group is pleased to report that underlying FY-2023 trading is in line with revised market expectations1. Unaudited revenue for the period increased by 27% to £7.1 million (FY-2022: £5.6 million), driven by accelerating demand for digital training.…

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Vela Technologies #VELA – Major Shareholding in Company January 8, 2024 – Posted in: Vela Technologies Plc (VELA)

Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, announces that it was notified on 8 January 2024 that Chris Cooke has a beneficial interest in 1,352,385,726 ordinary shares of 0.01 pence each in the Company representing 8.32 per cent. of the Company’s issued share capital.  For further information, please contact: Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director   Tel: +44 (0) 7421 728875 Allenby Capital…

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Vela Technologies #VELA – Result of Annual General Meeting December 11, 2023 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM: VELA) announces that at its Annual General Meeting (“AGM”) held earlier today, all resolution were duly passed. The proxy voting results of the Resolutions are set out below: Resolutions at Annual General Meeting Votes For* % of votes cast** Votes Against % of votes cast** Votes Withheld*** Total votes cast**** ORDINARY RESOLUTIONS 1. To receive and adopt the directors’ report, the auditor’s report and the Company’s accounts for the year…

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Vela Technologies #VELA – Investee Co Cornerstone FS #CSFS Grant and Cancellation of Options; PDMR Dealings November 17, 2023 – Posted in: Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces the grant of options over ordinary shares of 1 penny each in the Company (“Ordinary Shares”) and the cancellation of certain existing options over Ordinary Shares. This includes the grant of options to, and cancellation of options held by, Executive Directors and PDMRs of the Company.  Grant of Options The…

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