Business
Update re. investment in Conduit Pharmaceuticals
Update re. investment in Conduit Pharmaceuticals.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n\nREACH: non-regulatory announcement\n9 August 2024\nVela Technologies plc\n(\"Vela\" or \"the Company\")\nUpdate re. investment in Conduit Pharmaceuticals Inc.\nThe Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, notes the announcement released by Conduit Pharmaceuticals Inc. (\"Conduit\") on 8 August 2024 regarding Conduit entering into an exclusive licence agreement with AstraZeneca for multiple assets to advance potential first-in-class treatments.\nVela holds 1,005,760 common shares in Conduit representing 0.46% of Conduit's issued share capital. At the closing mid-market price of $0.17 on 8 August 2024, Vela's holding in Conduit is valued at approximately $170,000.\nThe full release from Conduit can be accessed here (Conduit Pharmaceuticals Enters into Exclusive License Agreement with AstraZeneca for Multiple Assets to Advance Potential First-in-Class Treatments | Nasdaq) and is re-produced in full below.\nFor further information, please contact:\n \n\n\n\n\nVela Technologies plc\nBrent Fitzpatrick, Non-Executive Chairman\nJames Normand, Executive Director\n \n\n\nTel: +44 (0) 07950 389 469\n\n\n\n\nAllenby Capital Limited (Nominated Adviser)\n\n\nTel: +44 (0) 20 3328 5656\n\n\n\n\nNick Athanas / Piers Shimwell\n \n\n\n\n\n\n\n\n \nPeterhouse Capital Limited (Broker)\n\n\n \nTel: +44 (0) 20 7469 0930\n\n\n\n\n\n\n\n\n\n\n\n\n \nNovus Communications (PR and IR Adviser)\n\n\n \nTel: +44 (0) 20 7448 9839\n\n\n\n\nAlan Green / Jacqueline Briscoe\n\n\n\n\n\n\n\n \nAbout Vela Technologies\n \nVela Technologies plc (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. Vela's investee companies have either developed ways of utilising technology or are developing technology with a view to disrupting the businesses or sector in which they operate. Vela Technologies will also invest in already-listed companies where valuations offer additional opportunities.\nAbout Reach announcements\nThis is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be...