Business
Update re. WeShop Limited
Update re. WeShop Limited.
About this update from Caledonian Holdings Plc.
[{"type":"text","content":"\n \n \n \n RNS Number : 8515P\n Vela Technologies PLC\n 21 October 2021\n \n \n \n \n 21 October 2021\n \n \n \n Vela Technologies plc\n \n \n (\"Vela\")\n \n \n Update re. WeShop Limited\n \n \n The Board of Vela (AIM: VELA) \n notes the announcement made on 20 October 2021 by Boanerges Limited (\"Boanerges\"), a special purpose acquisition company currently listed on the AQSE Growth Market, regarding, inter alia, the proposed acquisition by Boanerges of the business, assets and name of WeShop Limited (\"WeShop\"). This proposal is to be considered by Boanerges' shareholders at a general meeting to be held on 17 November 2021. As noted in the announcement released by Boanerges, the passing of the resolutions by Boanerges is conditional upon WeShop shareholders passing a resolution to approve the acquisition. \n \n \n Vela holds 71,429 shares in WeShop, representing 1.47% of WeShop's share capital, which it acquired in 2014 by investing £100,000 as part of a £1 million seed-funding round. \n WeShop is a digital social network platform with plans to become a leader in the social e-commerce sector.\n \n \n The Board of Vela is considering Boanerges' announcement and circular as well as WeShop's shareholder resolution and further announcements will be made by Vela at the appropriate time.\n \n \n Extracts from the announcement issued by Boanerges yesterday are set out below. The full announcement can be found here: \n \n https://www.londonstockexchange.com/news-article/market-news/gm-weshop-deal-jp-jenkins-admission-and-withdrawal/15181137\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 Brent Fitzpatrick, Non-Executive Chairman\n \n \n James Normand, Executive Director\n \n \n \n \n \n \n \n Tel: +44 (0) 7421 728875\n \n \n \n \n \n \n \n Allenby Capital Limited \n \n (Nominated Adviser and Joint Broker)\n \n \n \n \n Tel: +44 (0) 20 3328 5656\n \n \n \n \n \n \n Nick Athanas/Piers Shimwell\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Peterhouse Capital Limited \n \n (Joint Broker)\n \n \n \n \n Tel: +44 (0) 20 7469 0930\n \n \n \n \n \n \n Lucy Williams / Duncan Vasey / Eran Zucker \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About Vela Technologies \n \n \n \n \n \n Vela Tec...