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Investegate announcements from Vela Technologies, Final Results

Motor and controller company Aeristech closes $7M private placement; SAIC participation UK-based Aeristech, a developer of high-speed electric motor and controller technology (earlier post), closed a £5.15-million (US$7-million) private funding round led by investors Sabien Technology, Vela Technologies and SAIC Venture Capital, the venture capital arm of China-based automaker SAIC Motor. The funding round will supercharge the company’s investment in its development of e-boost technologies for hydrogen fuel-cell, hybrid-electric and internal combustion engine powertrains utilizing its pate...

      ·   Disposal of holding in North Peak Resources Ltd generating net proceeds of c.CAD$226,032 (approximately £130,112). ·   Since August 2020, Vela has invested c.£3.75 million in seven new investee companies and realised profits aggregating approximately £417,000 from the sale of investments. ·   Current portfolio of ten investments and available cash resources of c.£2.1 million.   The Board of Vela (AIM: VELA) announces that, between 24 March 2021 and 6 April 2021, the Company disposed of its entire holdin...

  Further to the announcement of 2 March 2021, Mountfield Group Plc announces, , the completion of the disposal of Mountfield Building Group Limited ("MBG") and Connaught Access Flooring Holdings Limited ("Connaught") ("Completion") and directorate changes.   Following Completion, the Company has been designated as a Cash Shell pursuant to AIM Rule 15. As such, the Company must make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or be re-admitted to trading on AIM as an investing company under the AIM Rules (which re...

TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset Tue, 2nd Mar 2021 19:11 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Angus Energy PLC - UK-focused onshore oil and gas development company - Notes West Sussex County Council's Planning Committee rejects planning application for an extended well test at Balcombe oil field. Angus says "disappointed" by decision. "The company is presently evaluating all of the options available with its partners," Angus adds. YouGov PLC - Londo...