Vela Technologies PLC Director/PDMR Dealing (7478J)

TIDMVELA

RNS Number : 7478J

Vela Technologies PLC

13 September 2016

13 September 2016

Vela Technologies plc

("Vela" or "the Company")

PDMR Dealing

Further to the announcement by the Company on 9 September 2016, the board of Vela provides the notification below in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging 
       managerial responsibilities 
       / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                      Antony Laiker 
---  ------------------------  ------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status           Executive Director 
---  ------------------------  ------------------------------------ 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ------------------------------------ 
 3    Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                      Vela Technologies plc 
---  ------------------------  ------------------------------------ 
 b)   LEI                       Not available 
---  ------------------------  ------------------------------------ 
 4    Details of the transaction(s): 
       section to be repeated for (i) 
       each type of instrument; (ii) 
       each type of transaction; (iii) 
       each date; and (iv) each place 
       where transactions have been 
       conducted 
---  -------------------------------------------------------------- 
 a)   Description of            Vela Technologies plc 8% 
       the financial             convertible unsecured loan 
       instrument, type          notes 2018 ("CLNs") 
       of instrument 
       Identification            Identification code (ISIN) 
       code                      for Vela's existing ordinary 
                                 shares of 0.1 pence each 
                                 is GB00B7D7F340. 
                                 Following a proposed Consolidation 
                                 and Sub-division, as announced 
                                 on 9 September 2016, the 
                                 ISIN for the new Ordinary 
                                 Shares will be GB00BYZ9XC29. 
                                 Conditional on shareholder 
                                 approval, the new ISIN is 
                                 expected to take effect 
                                 from 27 September 2016. 
---  ------------------------  ------------------------------------ 
 b)   Nature of the             Purchase of CLNs 
       transaction 
---  ------------------------  ------------------------------------ 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                  ---------  ----------- 
                                   GBP1       GBP200,000 
                                               nominal 
                                  ---------  ----------- 
---  ------------------------  ------------------------------------ 
 d)   Aggregated information    Single transaction as in 
       - Aggregated              4 c) above Price(s)   Volume(s) 
       volume                    ---------  ----------- 
       - Price                    GBP1       GBP200,000 
                                              nominal 
                                 ---------  ----------- 
---  ------------------------  ------------------------------------ 
 e)   Date of the transaction   8 September 2016 
---  ------------------------  ------------------------------------ 
 f)   Place of the              Outside a Trading Venue 
       transaction               - conditional issue of CLNs 
---  ------------------------  ------------------------------------ 
 
 
 Vela Technologies plc 
 Brent Fitzpatrick,         Tel: +44 (0) 
  Non-Executive Chairman     7802 262 443 
  Antony Laiker, Director 
 Allenby Capital Limited 
  (Nominated Adviser) 
 Nick Athanas/Katrina       Tel: +44 (0) 
  Perez/Nick Naylor          20 3328 5656 
 
  Smaller Company Capital 
  Limited 
  (Broker)                   Tel: +44 (0) 
  Rupert Williams/Jeremy     20 3651 2910 
  Woodgate 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 13, 2016 12:47 ET (16:47 GMT)