VELA TECHNOLOGIES PLC

Declaration of Voting Results & Voting Rights Announcements • Oct 29, 2020

National Storage Mechanism | Additional information

RNS Number : 6600D

Vela Technologies PLC

29 October 2020

29 October 2020

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 held earlier today, all resolutions 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****
1. To receive and adopt the directors' report, the auditor's report and the Company's accounts for the year ended 31 March 2020.	17,345,826	98.92%	188,857	1.08%	1,500,000	17,534,683
2. To re-appoint Murray Harcourt Limited as auditor of the Company.	18,345,826	98.98%	188,857	1.02%	500,000	18,534,683
3. To authorise the Directors to determine the remuneration of the auditor.	18,345,826	98.98%	188,857	1.02%	500,000	18,534,683
4. To re-appoint James Normand as a Director of the Company.	18,345,826	98.98%	188,857	1.02%	500,000	18,534,683

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) 7421 728875
Allenby Capital Limited (Nominated Adviser and Joint Broker)	Tel: +44 (0) 20 3328 5656
Nick Athanas / Asha Chotai
Peterhouse Capital Limited (Joint Broker)	Tel: +44 (0) 20 7469 0930
Lucy Williams / Duncan Vasey / Eran Zucker

About Vela Technologies plc

Vela Technologies (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 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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