1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Antony Laiker |
2 |
Reason for the notification |
a) |
Position/status |
Executive Director |
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 |
Vela Technologies plc 8% convertible unsecured loan notes 2018 ("CLNs") Identification code (ISIN) for Vela's existing ordinary shares of 0.1 pence each is GB00B7D7F340. Following a proposed Consolidation and Sub-division, as announced on 9 September 2016, the ISIN for the new Ordinary Shares will be GB00BYZ9XC29. Conditional on shareholder approval, the new ISIN is expected to take effect from 27 September 2016. |
b) |
Nature of the transaction |
Purchase of CLNs |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£1 |
£200,000 nominal |
|
d) |
Aggregated information - Aggregated volume - Price |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
£1 |
£200,000 nominal |
|
e) |
Date of the transaction |
8 September 2016 |
f) |
Place of the transaction |
Outside a Trading Venue - conditional issue of CLNs |