1 November 2024
Vela Technologies plc
("Vela" or the "Company")
Director/PDMR Shareholding
The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, was informed that, on 31 October 2024, Nigel Brent Fitzpatrick, Non-Executive Chairman, bought 37,000,000 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at 0.005p per Ordinary Share.
Following the above purchase, Mr Fitzpatrick now has a total beneficial interest in 68,500,000 Ordinary Shares, equivalent to approximately 0.36 per cent. of the Company's issued share capital.
The FCA notification in relation to Mr Fitzpatrick's dealing and made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.
For further information, please contact:
| Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director | Tel: +44 (0) 7950 389 469 | |
| 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 | |
| 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.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name |
| ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Chairman | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Vela Technologies plc | ||||
| b) | LEI | 213800SWFEORWAP84393 | ||||
| 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 the financial instrument, type of instrument Identification code | Ordinary Shares of 0.01p each
GB00BYZ9XC29 | ||||
| b) | Nature of the transaction | Purchase of ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
| e) | Date of the transaction | 31 October 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, XLON | ||||
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