VELA TECHNOLOGIES PLC — Major Shareholding Notification 2016

Dec 21, 2016

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RNS Number : 5296S

Vela Technologies PLC

21 December 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			Vela Technologies Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):	Change in Ownership of Shareholder			X
3. Full name of person(s) subject to the notification obligation:		Arthur Leonard Robert Morton (ALRM), Susan Margaret Howard Morton (SMHM), Morton PTC Limited as Trustee of the Morton Family Trust (MFT) and Groundlinks Limited (GL).
4. Full name of shareholder(s) (if different from 3.):		Hawk Investment Holdings Limited
5. Date of the transaction and date on which the threshold is crossed or reached:		1st - 14th December 2016
6. Date on which issuer notified:		21st December 2016
7. Threshold(s) that is/are crossed or reached:		3% for ALRM only

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of voting rights
Direct		Direct		Indirect	Direct			Indirect
GB00BYZ9XC29	22,734,382			22,734,382			18,734,700 (MFT) 3,999,682 (GL)		18,734,700 (MFT) 3,999,682 (GL)
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date		Exercise/ Conversion Period					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date		Exercise/ Conversion period			Number of voting rights instrument refers to				% of voting rights
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Hawk Investment Holdings Limited (HIHL) continues to hold 18,734,700 Vela Technologies Plc shares representing 2.6% of the voting rights. HIHL's ownership has transferred from ALRM & SMHM to Morton PTC Limited as Trustee of the MFT.  The Board of Directors of the Morton PTC is Albany Directors Limited, Mr Robert Walter Morton and Mrs Susan Margaret Howard Morton. The beneficiaries of the Morton Family Trust are Susan Margaret Howard Morton, Andrew Robert Morton, Edward George Morton, Charles Nicholas Morton and Robert Walter Morton. Groundlinks Limited continues to hold 3,999,682 shares representing 0.6% of the voting rights. The ultimate beneficiary of GL is Andrew Robert Morton.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Albany Trustee Company Limited
14. Contact name:	Emma McIntosh
15. Contact telephone number:	01481 724136

This information is provided by RNS

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