Vela Technologies #VELA – Investee co WeCap #WCAP Conversion of Convertible Loan Notes & Extension of Discounted Capital Bond Repayment Date November 25, 2024 – Posted in: Vela Technologies Plc (VELA)

WeCap plc is pleased to announce that it has converted all of the Convertible Loan Notes (“CLNs”) it holds in WeShop Holdings Limited (“WeShop”) into new ordinary shares in WeShop.  As a result of the conversion WeCap will be issued with 3,208,333 shares in WeShop (“Conversion Shares”).  This increases WeCap’s  potential total holding in WeShop to 16.2%, the composition of which is outlined below.  Furthermore, WeCap has agreed the extension of the Discounted Capital Bond it…