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LONDON - Vela Technologies PLC (LSE: VELA), an AIM-quoted investment company specializing in early-stage and pre-IPO technology ventures, has announced the successful passage of all resolutions at its General Meeting held today. The company confirmed that 44 billion new fundraising shares will be admitted for trading on the AIM market of the London Stock Exchange (LON:LSEG) around March 27, 2025.
The company, soon to be renamed Caledonian Holdings plc, will see its total issued share capital increase to over 62 billion ordinary shares upon admission. Each new share will carry one voting right, and the total voting rights will be equal to the number of ordinary shares.
In addition to the new shares, Vela has issued 22 billion warrants to subscribers of the fundraising shares, with each warrant allowing the purchase of new ordinary shares at a price of 0.0075 pence for two years from the date of fundraising.
Vela also introduced a broker option, managed by Peterhouse, granting qualifying existing shareholders the opportunity to participate in the issuance of 10 billion new ordinary shares at the same price as the fundraising shares. This broker option, which is not underwritten and does not involve a public offering, could raise an additional £250,000 before expenses if fully exercised by March 26, 2025. Each participant in the broker option will also receive one warrant for every two shares subscribed.
Existing shareholders as of March 21, 2025, will be given priority to participate in the broker option. The broker option shares and corresponding warrants will be allocated on a first-come, first-served basis, subject to Peterhouse’s discretion.
The company’s name change to Caledonian Holdings plc and the corresponding ticker symbol change to "CHP" will be formalized in a subsequent announcement following approval from Companies House.
This announcement is based on a press release statement and aims to provide shareholders with key information regarding the company’s recent general meeting outcomes, share capital reorganization, and future trading prospects.
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