Vela intends the main focus of its investment strategy to be on the implementation of solutions to enhance businesses’ profitability, as well as to aid growth in new markets. This will include both pre-commercialisation and established commercial technologies.
The Directors will however ensure that any investments meet strict due diligence criteria and the primary focus will be on companies post viability testing phase, to mitigate risk associated with early stage investment. This will not preclude the Company from considering investments in suitable projects in other regions and sectors where there are high-growth opportunities.
The Company will seek investment opportunities which can be developed through the investment of capital or where part of or all of the consideration could be satisfied by the issue of new Ordinary Shares or other securities in the Company. The opportunities would generally have some or all of the following characteristics, namely:
• A majority of their revenue or expected revenues derived from technology, hi-tech engineering or scientific advances and strongly positioned to benefit from the sector’s growth;
• A trading history which reflects past profitability or potential for significant capital growth going forward;
• Where all or part of the consideration could be satisfied by the issuance of new Ordinary Shares or other securities in the Company.
The Directors believe that their collective business experience in the areas of investment will assist them in the identification and evaluation of suitable opportunities and will enable the Company to achieve its investing objectives.