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IN BRIEF: Vela Technologies notes drop in quarterly asset valuation

ALN

Vela Technologies PLC - Early stage-focused technology investor - Issues quarterly investment update. Says the value of Vela’s total assets decreased during the quarter to December 31 by 9% to £6.2 million. Notes Vela’s portfolio comprised a total of 15 active investments, unchanged from the end of the previous quarter. Two of these investments were unquoted, 13 were quoted. Estimates the fair value of the investment portfolio was £6.2 million, down from £6.8 million at September 30.

Current stock price: 0.014 pence

12-month change: down 30%

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