11 December 2023
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.
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 2023. | 1,883,100,928 | 92.75% | 147,284,895 | 7.25% | 85,819,746 | 2,030,385,823 |
| 2. To re-appoint TC Group as auditor of the Company. | 1,875,107,810 | 92.35% | 17,964,540 | 0.88% | 223,133,219 | 1,893,072,350 |
| 3.To authorise the Directors to determine the remuneration of the auditor. | 1,835,957,578 | 90.42% | 192,935,959 | 9.50% | 87,312,032 | 2,028,893,537 |
| 4.To re-appoint Emma Wilson as a Director of the Company. | 1,607,161,989 | 79.16% | 472,848,415 | 23.29% | 36,195,165 | 2,080,010,404 |
| 5.To approve the general authority to allot shares | 1,604,309,815 | 79.02% | 412,933,268 | 20.34% | 98,962,486 | 2,017,243,083 |
| SPECIAL RESOLUTION | ||||||
| 6.To approve the authority to allot equity securities for cash | 1,599,809,815 | 78.79% | 417,433,268 | 20.56% | 98,962,486 | 2,017,243,083 |
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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) | Tel: +44 (0) 20 3328 5656 |
| Nick Athanas / Piers Shimwell
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| Peterhouse Capital Limited (Broker) | Tel: +44 (0) 20 7469 0930 |
| Lucy Williams / Duncan Vasey
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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 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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