18:00 Fri 22 Jan 2021
Vela Technologies - Disposal of holding in BlockchainK2 Corp
Vela Technologies plc
("Vela" or the "Company")
Disposal of holding in BlockchainK2 Corp
The Board of Vela (AIM: VELA) announces that, between
Although Vela originally invested
Following the Disposal, Vela no longer holds any shares in BlockchainK2. The net proceeds from the Disposal will be used by the Company to make further investments in line with the Company's investing policy and for general working capital purposes.
For further information, please contact:
Vela Technologies plc
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Tel: +44 (0) 7421 728875 |
Allenby Capital Limited (Nominated Adviser and Joint Broker) |
Tel: +44 (0) 20 3328 5656 |
|
|
Peterhouse Capital Limited (Joint Broker) |
Tel: +44 (0) 20 7469 0930 |
About Vela Technologies
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 developing technology with a view to disrupting the businesses or sector in which they operate. More recently, Vela Technologies has also started to focus on existing listed companies where valuations may offer additional opportunities.
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