Business
Completion of investment in Portr Limited
Completion of investment in Portr Limited.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n \nRNS Number : 2831V Vela Technologies PLC 15 April 2016 \n\n15 April 2016\nVela Technologies plc\n(\"Vela\" or the \"Company\")\n \nCompletion of investment in Portr Limited\n \nFurther to the announcement of 8 March 2016 the Board of Vela (AIM: VELA), the investing company focused on early stage and pre-IPO disruptive technology investments, is pleased to announce that Vela has completed its investment of £151,343 in Portr Limited (\"Portr\"), the owner of the on-demand airport luggage transfer service, AirPortr. The funds were paid by Vela to Portr in early April 2016. \nVela has been informed by Portr that they have now successfully completed their fundraising exercise with existing shareholders to raise £3 million (the \"Portr Fundraising\"). \nFollowing completion of the investment Vela has an interest in 101,989 shares in Portr which represents 3.9% of Portr's issued share capital following completion of the Portr Fundraising. Vela's enlarged shareholding in Portr is valued at £1.079 million, based on the price of the Portr Fundraising. Following the investment of £151,343 in the Portr Fundraising, Vela has invested a total of £251,343 in cash in Portr over three funding rounds.\nFurther details on Portr and the background to the investment are contained in the announcement of 8 March 2016.\nFor further information please contact:\n\n\n\n\nVela Technologies plc\n\n\n\n\n\n\n\nBrent Fitzpatrick, Non-Executive Chairman\nAntony Laiker, Director\n \n\n\n \nTel: +44 (0) 7802 262 443\n \n\n\n\n\nAllenby Capital Limited\n(Nominated Adviser)\n\n\n\n\n\n\n\nNick Athanas/Katrina Perez/James Reeve\n \n\n\nTel: +44 (0) 20 3328 5656\n\n\n\n\n \nSmaller Company Capital Limited\n(Broker)\nRupert Williams/Jeremy Woodgate\n \n \n \n\n\n \n \n \n Tel: +44 (0) 20 3651 2910\n \n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGUQWCUPQGMC\n ","length":4820,"tagName":"div"}]