Skillcast provides software and content subscriptions and related professional services to enable companies to implement their staff compliance and training obligations. Operating from its two bases, in London and Malta, Skillcast helps companies across a broad spectrum of industry sectors in the UK, EU and the rest of the world, to train their staff and demonstrate compliance with various laws, regulations, and standards that are relevant for their business.

Skillcast, through its subsidiaries, has been operating for 20 years, and its client base includes several blue-chip companies such as Schroders, Fresnillo, GKN, British Land, Oxford University Press, Vattenfall, Allergan and a number of other constituents of the FTSE 100 Index.

Skillcast has a track record of delivering sustained growth and profitability and generating positive cash flows over the past five years.

Vela holds 675,676 ordinary shares of 0.1 pence each representing 0.76 per cent of Skillcast’s share capital.