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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vela Technologies Plc | LSE:VELA | London | Ordinary Share | GB00BYZ9XC29 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.012 | 0.011 | 0.013 | 0.012 | 0.012 | 0.012 | 114,578,503 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 0 | -378k | 0.0000 | N/A | 1.63M |
TIDMVELA
RNS Number : 1377C
Vela Technologies PLC
17 January 2018
17 January 2018
Vela Technologies plc
("Vela" or the "Company")
Exercise of warrants in BTL Group Ltd
The Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, announces that, on 16 January 2018, the Company exercised its remaining 25,000 warrants in BTL Group Ltd ("BTL") at a price of C$3.25 per share (the "Exercise") at a total cost of approximately C$81,250 (equivalent to approximately GBP47,315). The warrants were exercisable for a period expiring on 6 April 2019.
Following the Exercise, the Company holds 620,000 common shares in BTL, equivalent to approximately 2.91 per cent. of BTL's issued share capital. BTL is listed on the TSX Venture Exchange, on which the closing mid-market price on 16 January 2018 of BTL's common shares was C$11.17 per share which values Vela's shareholding in BTL at approximately C$6.93 million (equivalent to approximately GBP4.03 million*).
ABOUT BTL GROUP LTD.
Operating from both Canada and the UK, BTL offers blockchain solutions to businesses across multiple industries, in particular the finance, energy and gaming sectors. BTL has built prototypes that showcase the capabilities of its Interbit platform, a proprietary blockchain based interbank payment network and settlement and asset trading solution.
Interbit is an open, multi-chain, asset settlement platform with a suite of APIs and smart contracts that allow businesses from across the world to provide global access to fast, secure, and auditable financial and asset trading services.
With offices in Vancouver and Canary Wharf in London, BTL is positioning itself as a front-runner in the blockchain ecosystem, providing advice and knowledge to industry leaders.
Website: www.btl.co
Twitter: https://twitter.com/blockchainltd
*Based on the exchange rate as on 17 January 2018 of C$1: GBGBP0.5823
For further information, please contact:
Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman Tel: +44 (0) 7802 Antony Laiker, Director 262 443 Allenby Capital Limited (Nominated Adviser) Nick Athanas/Katrina Perez/Asha Tel: +44 (0) 20 Chotai 3328 5656 Smaller Company Capital Limited (Broker) Tel: +44 (0) 20 Rupert Williams/Jeremy Woodgate 3651 2910
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOELLFEILRIDLIT
(END) Dow Jones Newswires
January 17, 2018 05:58 ET (10:58 GMT)
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