VELA TECHNOLOGIES PLC — Director's Dealing 2016

Oct 4, 2016

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RNS Number : 6514L

Vela Technologies PLC

04 October 2016

4 October 2016

Vela Technologies plc

("Vela" or the "Company")

Director share dealing

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

Vela Technologies plc (AIM: VELA), the investing company focused on early stage and pre-IPO disruptive technology investments, announces that Brent Fitzpatrick (Chairman of Vela) has today notified the Company that he has today purchased 1,000,000 ordinary shares of 0.1 pence in the Company at a price of 0.1499 pence per share. Following this purchase, Mr Fitzpatrick's shareholding in the Company has increased to 2,500,000 ordinary shares, which represents approximately 0.35% of the Company's issued voting share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Nigel Brent Fitzpatrick MBE

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

Not available

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 0.1 pence

Identification code (ISIN) for Vela Technologies plc ordinary shares: GB00BYZ9XC29

b.          

Nature of the transaction

Purchase of shares

c.          

Price(s) and volume(s)

Price (s)	Volume
0.1499 pence per ordinary share	1,000,000 ordinary shares

d.          

Aggregated information

·      Aggregated volume

·      Price

N/A- single transaction

e.          

Date of the transaction

4 October 2016

f.          

Place of the transaction

Outside a trading venue

Vela Technologies plc
Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director	Tel: +44 (0) 7802 262 443
Allenby Capital Limited (Nominated Adviser)
Nick Athanas/Katrina Perez/Nick Naylor Smaller Company Capital Limited (Broker) Rupert Williams/Jeremy Woodgate	Tel: +44 (0) 20 3328 5656 Tel: +44 (0) 20 3651 2910

This information is provided by RNS

The company news service from the London Stock Exchange

END

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