#VELA Vela Technologies – Update re. investment in EnSilica May 19, 2022 – 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, 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…

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VELA TECHNOLOGIES #VELA INVESTEE COMPANY – SKILLCAST #SKL – FINAL RESULTS FOR YEAR ENDING DEC 31 May 10, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Skillcast Group (AIM: SKL), the provider of content and technology for digital compliance transformation, is pleased to announce its audited results for the year ended 31 December 2021.  Financial and operating highlights 2021 £ million 2020 £ million Revenue 8.4 7.3 Revenue growth 15% 8% Gross Margin 71% 69% Annualised recurring revenue* 5.8 4.5 Adjusted EBITDA* 1.1 1.1 Cash in bank 7.9 3.8 ·    Revenue growth of 15% (2020: 8%) driven by increased subscription revenue…

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Vela Technologies #VELA – Quarterly Investment Update and Change of Broker May 3, 2022 – 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, announces its quarterly update for the quarter ended 31 March 2022. Investments traded on a recognised stock market are valued using the accounting policies outlined in the notes to the annual financial statements.  Unlisted investments and other financial assets are stated at the values attributed to them in the audited balance sheet as at 31 March 2021, unless…

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Vela Technologies #VELA Investee Company – Northcoders #CODE – Final Results April 26, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Vela Technologies Plc #VELA – Investee Company Northcoders (AIM: CODE), an independent provider of training programmes for software coding, is pleased to announce its maiden Final Results for the year ended 31 December 2021 (‘FY21’ or ‘the period’). Financial Highlights · Revenue increased 124% to £3.0m (FY20: £1.3m) driven by successful delivery of IPO growth strategy o  Consumer revenue, which includes core bootcamps and apprenticeship revenues, of £2.8m (FY20: £1.2m) o  Corporate Solutions revenue was…

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Vela Technologies #VELA – Appointment of PR and IR Adviser – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM: VELA) is pleased to announce the appointment of Novus Communications Limited as its PR and IR adviser with immediate effect. Brent Fitzpatrick, Chairman of Vela, commented: “We anticipate that Novus Communications’ experience and professional expertise, particularly in the small cap market, will enhance Vela’s communications; and enable its shareholders and other stakeholders to gain a clearer understanding and appreciation of Vela’s investing strategy and of the rationale behind its investment…

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