Following the recent investor update in January 2019, The EIS Fund Vala Capital expressed an interest in purchasing, 6678 VN-ADS shares at the Round 2 strike price of £20 per share. This led to an intensive technical due diligence process, which I am pleased to inform you was successfully completed last week. The sale of the shares will now close before the April 6th EIS investment deadline. Vala Capital has also given an undertaking to invest a further £206,440 in another tranche later this year, early next. It has also stated it’s intent to follow-up investment in Stage 3, subject to the delivery of pre-production models for field-testing.
Recent Posts
- Another British Airways flight makes emergency landing after smoke engulfs cabin
- ‘Aircraft Cabin Air Litigation’ Soon to Take-Off
- Family of dead pilot in legal battle against BA over ‘polluted’ cabin TRISTAN KIRK Monday 8 April 2019 10:32
- Pilots and cabin crew from five airlines including BA and easyJet launch court battle to ban toxic air from flights over fears of brain damage and long-term health risks
- UK airlines face legal action from air staff for exposure to “aerotoxic syndrome” Friday, March 29th 2019 – 09:11 UTC