Vela Technologies #VELA – Investee Company EnSilica #ENSI secures two new contracts with existing customers worth $3.6m December 12, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica, a leading mixed signal chip maker, is pleased to announce that it has secured two new contracts, from existing customers based in mainland Europe, for a combined total of $3.6 million. The contracts, which underpin current market expectations, include incremental workflows with a major automotive Tier 1 customer, with both contracts expected to commence by January 2023. One of the contracts is to develop a TSMC 1 12 nm FinFet 2 chip, which the…

Continue reading

Vela Technologies #VELA – Investee company EnSilica #ENSI Named Company of the Year at UK Chip Oscars December 9, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading mixed signal chip maker, is pleased to announce that it was named the UK’s electronics Company of the Year at last night’s prestigious TechWorks Awards, the UK’s “Chip Oscars”. Declared by TechWorks as the night’s big winner, EnSilica also took home the TechNES Design Award, a collaboration award for the development of a Ka-band vehicle to satellite ASIC, that gives high-speed internet anywhere on the planet and young EnSilica engineer…

Continue reading

Vela Technologies #VELA – Investee Co ENSilica #ENSI AGM Trading Update November 24, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs (“Application Specific Integrated Circuits”), provides an update ahead of its Annual General Meeting (“AGM”) scheduled to be held at 10.00 a.m. today. At the AGM, Mark Hodgkins, Executive Chair of EnSilica, will make the following statement: “In our first AGM statement as a public business, I am delighted to report that EnSilica traded strongly across the financial year ended 31 May 2022 (“FY 22”),…

Continue reading

Vela Technologies #VELA – Investee Company Northcoders Group #CODE – Result of Placing, Secondary Placing & TVR November 21, 2022 – Posted in: Vela Technologies Plc (VELA)

Northcoders (AIM:CODE), an independent provider of training programmes for software coding, is pleased to announce that, further to the announcement made earlier today, the Company has raised approximately £2.1 million (before expenses).  Pursuant to the Placing, 694,444 new Ordinary Shares have been conditionally placed at a placing price of 300 pence per share (“Placing Shares”).  WH Ireland and Peterhouse acted as Joint Brokers in connection with the Placing.   The Placing was significantly oversubscribed and…

Continue reading

#VELA Vela Technologies plc – Investee Company #CSFS Cornerstone FS Plc – Trading Update November 17, 2022 – Posted in: Vela Technologies Plc (VELA)

Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to provide the following unaudited update on trading.   As noted in the interim results announcement, the Group entered the second half of the year with strong trading momentum and Cornerstone is pleased to report that this has been sustained through the period. As a result, the Group expects to report total revenue…

Continue reading

Vela Technologies #VELA investee co Kanabo #KNB delighted FCA has approved the prospectus issued by UK SPAC in connection with its acquisition of Hellenic Dynamics Ltd November 15, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Kanabo notes the announcement published earlier today by U.K. SPAC (“UK SPAC”) and are delighted that the Financial Conduct Authority (“FCA”) has approved the prospectus issued by UK SPAC in connection with its acquisition of Hellenic Dynamics Ltd (“Hellenic”) and the proposed re-admission of UK SPAC (to be renamed Hellenic Dynamics Plc) to the standard listing segment of the Official List and to trading on the London Stock Exchange’s Main Market. The…

Continue reading

UK Investor Magazine Podcast -CEO Alan Green discusses AstraZeneca, Georgia Capital and Vela Technologies November 10, 2022 – Posted in: Blog, Uncategorized

Alan Green joins the Podcast as we delve into key markets theme and a number of UK equities. We discuss: AstraZeneca (LON:AZN) Georgia Capital (LON:CGEO) Vela Technologies (LON:VELA) We start by looking at potential catalysts for markets as we move into the winter. AstraZeneca has reported a solid set of third quarter results as the company sees the benefits of higher cancer drug sales. Georgia Capital has been trading at deep discount to NAV and…

Continue reading

Vela Technologies #VELA – Update re. AZD1656 November 9, 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 yesterday evening by Conduit Pharmaceuticals Limited (“Conduit”) that it intends to become a publicly traded company on NASDAQ in the USA via a merger with Murphy Cannon Acquisition Corp. (“Murphy”), a NASDAQ-listed special purpose acquisition company. Vela holds an economic interest in the commercialisation of a particular application of AZD1656, one of the…

Continue reading

Vela Technologies #VELA – Quarterly Investment Update November 8, 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, is pleased to provide an update for the quarter ended 30 September 2022. Key numbers as at 30 September 2022: Net assets per share at 30 September were 0.039p (30 June 2022 – 0.041p). Vela’s portfolio comprised a total of 13 active investments (30 June 2022 – 13). Two of these investments were unquoted, ten were quoted, and…

Continue reading

Vela Technologies #VELA – Result of AGM October 25, 2022 – Posted in: Blog, 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 save for resolution 5. Resolution 5, to re-appoint Antony Laiker as a Director of the Company, was not put to the meeting as Antony Laiker has stepped down from the board of the Company, as announced on 20 October 2022. The proxy voting results of the Resolutions are set out below: Resolutions at…

Continue reading