25 October 2022
Vela Technologies plc
("Vela" or "the Company")
Result of Annual General Meeting
The Board of Vela (AIM: VELA) announces that at its Annual General Meeting ("AGM") held earlier today, all resolution were duly passed save for resolution 5. Resolution 5, to re-appoint Antony Laiker as a Director of the Company, was not put to the meeting as Antony Laiker has stepped down from the board of the Company, as announced on 20 October 2022.
The proxy voting results of the Resolutions are set out below:
| Resolutions at Annual General Meeting | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Votes Withheld*** | Total votes cast**** |
| ORDINARY RESOLUTIONS | ||||||
| 1. To receive and adopt the directors' report, the auditor's report and the Company's accounts for the year ended 31 March 2022. | 1,367,725,890 | 99.1% | 12,154,874 | 0.9% | 1,210,276 | 1,379,880,764 |
| 2. To re-appoint TC Group as auditor of the Company. | 1,364,786,167 | 98.8% | 16,304,873 | 1.2% | - | 1,381,091,040 |
| 3.To authorise the Directors to determine the remuneration of the auditor. | 1,363,525,890 | 98.7% | 17,565,150 | 1.3% | - | 1,381,091,040 |
| 4.To re-appoint James Normand as a Director of the Company. | 1,237,829,690 | 89.6% | 143,211,350 | 10.4% | 50,000 | 1,381,041,040 |
| 6. To allow the Company to send or supply documents to members by making them available via electronic means | 1,366,536,167 | 98.9% | 14,554,873 | 1.1% | - | 1,381,091,040 |
| 7. To approve the general authority to allot shares | 1,252,871,367 | 91.0% | 123,630,615 | 9.0% | 4,589,058 | 1,376,501,982 |
| SPECIAL RESOLUTION | ||||||
| 8. To approve the authority to allot equity securities for cash | 1,288,138,256 | 94.7% | 72,251,146 | 5.3% | 20,701,638 | 1,360,389,402 |
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Notes:
*"Votes For" include votes giving the Chairman discretion.
**Percentages exclude "Votes Withheld".
***"Votes Withheld" are not votes in law and do not count in the number of votes counted for or against a resolution.
****"Total votes cast" do not include withheld votes.
For further information, please contact:
| Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director
| Tel: +44 (0) 741 088 6830
Email:info@velatechplc.com |
| Allenby Capital Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0) 20 3328 5656 |
| Nick Athanas / Piers Shimwell
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| Peterhouse Capital Limited (Joint Broker) | Tel: +44 (0) 20 7469 0930 |
| Lucy Williams / Duncan Vasey / Eran Zucker/ Lauren riley
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| Novus Communications (PR and IR Adviser) | Tel: +44 (0) 20 7448 9839 |
| Alan Green / Jacqueline Briscoe | |
About Vela Technologies plc
Vela Technologies (AIM: VELA) is an investing company focused on early stage and pre-IPO long term disruptive technology investments. Following the investment announced today there will be seven investments in the portfolio which have either developed ways of utilising technology or are in the process of developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has broadened its focus to include existing listed companies where valuations may offer additional opportunities.
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