Vela Technologies PLC Appointment of Non-Executive Director (3402T)

TIDMVELA

RNS Number : 3402T

Vela Technologies PLC

21 July 2022

21 July 2022

Vela Technologies plc

("Vela" or "the Company")

Appointment of Non-Executive Director

The Board of Vela Technologies (AIM: VELA) announces the appointment of Antony Laiker as a Non-Executive Director of the Company with immediate effect.

Antony Laiker served as an Executive Director of the Company from 2013 to 2020. Currently, in addition to roles as an investor and director / advisor to a number of early stage companies, he is a stockbroker at First Equity Limited.

The Company intends to strengthen the Board further through the appointment of an additional independent Non-Executive Director to the Board in due course.

Brent Fitzpatrick, Non-Executive Chairman of Vela, commented:

" We welcome Antony back to the board in a non-executive capacity. Antony is a significant shareholder in Vela and has extensive experience of the small-cap marketplace. We look forward to drawing upon this experience again as the Company seeks to build and manage its investment portfolio. His knowledge of Vela's investments and the background to the Company will be important as we seek to create shareholder value."

AIM Disclosures:

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.

Antony Jon Laiker, who is aged 60, has the following current or past directorships or partnerships:

 
 Current directorships/partnerships   Past directorships/partnerships 
                                       held within the last five years 
         Widdington Limited                Vela Technologies plc 
                                     --------------------------------- 
         BIXX Tech Limited 
                                     --------------------------------- 
            BIXX Limited 
                                     --------------------------------- 
           GPFONE Limited 
                                     --------------------------------- 
 

Antony Laiker has a total beneficial interest in 977,799,500 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares"), representing 6.02 per cent. of the Company's issued share capital. Included within the total beneficial interest stated above are 420,000,000 Ordinary Shares held by BIXX Tech Limited, a company of which Antony Laiker is a director and significant shareholder.

For further information, please contact:

 
 Vela Technologies plc                         Tel: [phone] 
  Brent Fitzpatrick, Non-Executive Chairman     728875 
  James Normand, Executive Director 
 Allenby Capital Limited (Nominated Adviser)   Tel: +44 (0) 20 
                                                3328 5656 
 Nick Athanas / Piers Shimwell 
 Peterhouse Capital Limited (Broker)           Tel: +44 (0) 20 
                                                7469 0930 
 Lucy Williams / Duncan Vasey / Eran Zucker 
  / Lauren Riley 
 Novus Communications (PR and IR Adviser)      Tel: +44 (0) 20 
                                                7448 9839 
 Alan Green / Jacqueline Briscoe 
 

About Vela Technologies

Vela 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.

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July 21, 2022 08:40 ET (12:40 GMT)