Vela disposed of its holdingVela Technologies (VELA.L) Disposal of holding in BlockchainK2 Corp abm January 22, 2021 The Board of Vela (AIM: VELA) announces that, between 12 January 2021 and 20 January 2021, the Company disposed of its entire holding of 272,000 shares in BlockchainK2 Corp (BlockchainK2) at prices between CAD$0.86 per share and CAD$1.5255 per share and with an average price of CAD$1.19 per share generating net proceeds of c.CAD$322,855 (approximately 186,390) for the Company (the Disposal). Although Vela originally invested 200,589 in BlockchainK2 in May 2018 its book value in Velas latest published accounts (as at 31 March 2020) was 14,396. Therefore, the accounts for the year ending 31 March 2021 will reflect a profit on disposal of c.172,000. Following the Disposal, Vela no longer holds any shares in BlockchainK2. The net proceeds from the Disposal will be used by the Company to make further investments in line with the Companys investing policy and for general working capital purposes.