12 November 2024
Vela Technologies plc
("Vela" or the "Company")
Result of Annual General Meeting
The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments, announces that at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
The proxy voting results of the resolutions are set out below:
| Resolutions at the Annual General Meeting | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Votes Withheld*** | Total votes cast**** |
| ORDINARY RESOLUTIONS | ||||||
| 1. To receive and adopt the directors' report, the auditor's report and the Company's accounts for the year ended 31 March 2024. | 5,225,130,044 | 99.06% | 49,685,508 | 0.94% | 302,005,000 | 5,274,815,552 |
| 2. To re-appoint TC Group as auditor of the Company. | 5,220,087,780 | 99.09% | 47,727,772 | 0.91% | 309,005,000 | 5,267,815,552 |
| 3.To authorise the Directors to determine the remuneration of the auditor. | 5,157,887,061 | 98.19% | 95,267,777 | 1.81% | 323,665,714 | 5,253,154,838 |
| 4.To re-appoint Brent Fitzpatrick as a Director of the Company. | 4,951,031,890 | 89.04% | 609,137,279 | 10.96% | 16,651,383 | 5,560,169,169 |
| 5.To approve the general authority to allot shares | 4,951,143,543 | 93.90% | 321,843,564 | 6.10% | 303,833,445 | 5,272,987,107 |
| SPECIAL RESOLUTION | ||||||
| 6.To approve the authority to allot equity securities for cash | 4,932,676,209 | 88.65% | 631,343,564 | 11.35% | 12,800,779 | 5,564,019,773 |
Notes:
*"Votes For" include votes giving the Chairman discretion.
**Percentages exclude "Votes Withheld".
***"Votes Withheld" are not votes in law and do not count in the number of votes counted for or against a resolution.
****"Total votes cast" do not include withheld votes.
For further information, please contact:
| Vela Technologies plc Brent Fitzpatrick, Non-Executive Chairman James Normand, Executive Director | Tel: +44 (0) 7950 389 469 | |
| Allenby Capital Limited (Nominated Adviser) | Tel: +44 (0) 20 3328 5656 | |
| Nick Athanas / Piers Shimwell | | |
| Peterhouse Capital Limited (Broker) | Tel: +44 (0) 20 7469 0930 | |
| Novus Communications (PR and IR Adviser) | Tel: +44 (0) 20 7448 9839 | |
| Alan Green / Jacqueline Briscoe | | |
About Vela Technologies plc
Vela Technologies plc (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. Vela Technologies will also invest in already-listed companies where valuations offer additional opportunities.
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