Business
Result of General Meeting and Broker Option
Result of General Meeting and Broker Option.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.\n \n24 March 2025\n \nVELA TECHNOLOGIES PLC\n(\"Vela\" or \"the Company\")\n \nResult of General Meeting\n \nBroker Option\n \nThe Board of Vela Technologies PLC (LSE: VELA), the AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, announces that at its General Meeting held earlier today, all resolutions were duly passed.\n \nApplication has been made to the London Stock Exchange for a total of 44,000,000,000 Fundraising Shares, issued in relation to the Fundraising, to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective, and dealings in the Fundraising Shares will commence, at 8:00 a.m. on or around 27 March 2025. In addition, the Company has issued 22,000,000,000 Warrants to subscribe for new Ordinary Shares in the Company at a price of 0.0075 pence per new Ordinary Share exercisable for a period of two years from the date of the Fundraising, resulting in each subscriber in the Fundraising being issued with 1 Warrant for 2 Fundraising Shares subscribed for. Further details regarding the Warrants are set out in the Company's announcement of 4 March 2025.\n \nFollowing Admission, the issued share capital of the Company will comprise 62,970,695,255 Ordinary Shares, with one vote per share. The Company does not hold any ordinary shares in Treasury. Therefore, on Admission, the total number of Ordinary Shares and voting rights in the Company will be 62,970,695,255. With effect from Admission, this figure may be used by shareholders as the denominator for the calculation to determine if there is a requirement under the FCA's Disclosure Guidance and Transparency Rules to notify an interest in, or a change of interest in, the share capital of the Company.\n \nBroker Option\n \nIn order to provide qualifying Vela shareholders (\"Existing Shareholders\") with an opportunity to participate on the same basis as the Placing (under identical terms to the Placing), and taking into account feedback received from certain Existing Shareholders following the announcement of 4 March 2025, the Company has granted Peterhouse a broker option over 10,000,000,000 new Ord...