Business
Issue of Equity and Change to Total Voting Rights
Issue of Equity and Change to Total Voting Rights.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n \n \n RNS Number : 9153F\n Vela Technologies PLC\n 12 March 2020\n \n \n \n \n 12 March 2020\n \n \n \n \n \n Vela Technologies plc\n \n \n (\"Vela\" or the \"Company\")\n \n \n \n \n \n Issue of Equity\n \n \n \n \n \n Change to Total Voting Rights\n \n \n \n \n \n \n \n \n The Board of Vela (AIM: VELA) announces that it has today issued 30,000,000 new ordinary shares in the Company (the \"New Ordinary Shares\") to Align Research, in payment of a fee due for research services provided to the Company. The Company entered into an equity research service agreement with Align Research on 26 September 2019 (the \"Agreement\"). \n \n \n \n \n \n Under the terms of the Agreement, the Company has elected to satisfy the fees owed to Align Research through the issue of the 30,000,000 new ordinary shares, issued at a price of 0.1p per New Ordinary Share. Application has been made for the New Ordinary Shares to be admitted to trading on AIM (\"Admission\") and it is anticipated that Admission will become effective at 8.00 a.m. on 17 March 2020.\n \n \n \n \n \n Under the terms of the Agreement, the 30,000,000 New Ordinary Shares issued to Align Research shall be subject to a minimum six month lock-in period.\n \n \n \n \n \n Following Admission, the total number of ordinary shares and voting rights in the Company will be 1,748,943,717. The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules. \n \n \n \n \n \n For further information, please contact: \n \n \n \n \n \n \n \n \n Vela Technologies plc\n \n \n \n \n Tel: +44 (0) 7802 262 443\n \n \n \n \n \n \n Brent Fitzpatrick, Non-Executive Chairman\n \n \n Antony Laiker, Director \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Allenby Capital Limited\n \n \n (Nominated Adviser and Broker) \n \n \n Nick Athanas/Asha Chotai\n \n \n \n \n \n \n \n Tel: +44 (0) 20 3328 5656\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 About Vela Technologies \n \n...