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 6thEIS 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.
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