Dear client
We have been notified that the VELA TECHNOLOGIES PLC has proposed Capital Reorganization, Conditional Placing and Subscription require the Company to reduce the nominal value of the ordinary shares ("Share Capital Reorganisation") to become lower than the Issue Price, so that the Company can proceed with the Fundraising. it is proposed to sub-divide each existing ordinary share of 0.01 pence each ("Existing Ordinary Shares") into one new ordinary share of 0.001 pence each ("New Ordinary Share"), 0.001 pence being the proposed new nominal value per share, and one deferred share of 0.009 pence each ("Deferred Share").
The New Ordinary Shares will be traded on AIM in the same way as the Existing Ordinary Shares, with the exception of the difference in nominal value. The nominal value of shares already held in CREST will be updated at approximately 8:00 a.m. on 27 March 2025.
The Company is also proposing to change its name to "Caledonian Holdings plc. The Company will also change its ticker symbol to "CHP".
The change of name will be effective once approved by shareholders at the GM and Companies House has issued a certificate of incorporation on the change of name and a further announcement will be made when the name and ticker changes are formally effective. Until such time, trading will continue under the "VELA" TIDM.
conditionally subscribed for 8,000,000,000 Subscription Shares at the Issue Price raising gross proceeds of £200,000. In addition, Chris Cooke (Non-Executive Director), James Normand (former director), Emma Wilson (former director) and certain other investors have conditionally subscribed for a total of 2,920,000,000 Subscription Shares at the Issue Price raising gross proceeds of £73,000.
Please see link to the original notification received:
There are currently no shareholders on the platform.
Kind regards
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