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Pin to quick picksVela Technologies Share News (VELA)

Share Price Information for Vela Technologies (VELA)

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IN BRIEF: Vela Technologies Sells Entire BlockchainK2 Holding

Fri, 22nd Jan 2021 13:45

Vela Technologies PLC - Bingley, England-based company with investments in early-stage disruptive technology businesses - Sells entire 272,000 share holding in BlockchainK2 Corp at prices between GBP0.49 and GBP0.88 per share, with an average price of GBP0.69, generating net proceeds of GBP186,390. Vela notes it originally invested GBP200,589 in BlockchainK2 in May 2018, but book value as at March 31 last year was GBP14,396, meaning accounts for Vela's current financial year ending March 31 will reflect a profit on disposal of GBP172,000.

Says net proceeds will be used to make further investments in line with Vela's investing policy and for general working capital purposes.

Current stock price: 0.078 pence, down 5.3% on Friday

Year-to-date change: down 2.4%

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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21 May 2018 14:51

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