Investment Update – Portr Limited

About this update from Caledonian Holdings Plc.

[{"type":"text","content":"\n \n16 December 2013\n\n Vela Technologies plc \n\n (\"Vela\" or the \"Company\") \n\n Investment Update - Portr Limited \n\n Portr Limited (\"Portr\") announces agreement with Heathrow Express\n\nVela Technologies plc is pleased to announce that its investee company Portr\nLimited, which is looking to launch its AirPortrâ„¢ commercial luggage transfer\nservice at Heathrow Airport in early 2014, has agreed underlying initial\ncommercial terms with Heathrow Express, the premium express train provider\nlinking Heathrow Airport and central London. The two companies have reached an\nunderstanding over the co-promotion of their services as a bundle to existing\nand new customers both domestically and internationally when Portr launches its\nAirPortrâ„¢ service in 2014.\n\nPortr and Heathrow Express are working together to deliver a unique and\ncompetitively priced service package which offers luggage-free travel between\nHeathrow Airport and central London. Additional benefits arising from the\nservice package, which will predominantly target time-pressured business users,\ninclude greater cost efficiency and reduced carbon footprint when compared to\ntaxis and other private transportation.\n\nThe service package is expected to be marketed to passengers in line with\nHeathrow Express' `The smarter way' ethos and sold online via a fully\nintegrated booking process allowing a customer to complete the purchase of\ntheir AirPortrâ„¢ luggage transfer and Heathrow Express ticket in one\ntransaction.\n\nThe partnership will enable Portr to reach a significant customer base with the\ncombined service offering and provides both parties with an incremental revenue\nopportunity.\n\nVela Technologies plc has a £50,000 2 per cent. shareholding in Portr.\n\n Ends \n\nFor further Information:\n\nBrent Fitzpatrick, Non-Executive Chairman e-mail [email protected] \nAntony Laiker, Director 0207 330 1885 \n \nVela Technologies plc \n \nZAI Corporate Finance, Nomad Tel 020 7060 2220 \nPeter Trevelyan-Clark/Tim Cofman/Wei Wang \n \nPeterhouse Corporate Finance, Broker Tel 020 7469 0932 \nEran Zucker \n\nAbout Heathrow Express\n\nHeathrow Express is a private company, which owns its own trains, the stations\nat Heathrow Airport and the entire below-ground section of the line between\nLondon Paddington and the Airport. The service, which was launched i...

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