25th Jun 2009 08:27
25 June 2009
Velti plc
Non-Executive Directors' Compensation in Shares
The Board of Velti plc agreed on 23 June 2009 that the Non-Executive Directors will receive 60% of their compensation for the period May 2009 to April 2010 in the Company's Ordinary 5p shares.
Non-Executive Director Shares to be issued as Compensation
David Mann 24,754
David Hobley 15,753
Nicholas Negroponte 15,753
Jerry Goldstein 15,753
Application will be made to the London Stock Exchange for the 72,013 new Ordinary 5p Shares in the Company to be admitted to trading on AIM. The total number of Ordinary 5p Shares in issue post-admission will be 34,835,261.
Each director's holding post the issue of these shares will be:
David Mann 109,765
David Hobley 69,851
Nicholas Negroponte 760,598
Jerry Goldstein 404,419
The shares have been issued at 154.3p, the average of the closing mid market share price for the 30 days prior to 23 June 2009.
CONTACTS
Velti:
Alexandros Moukas, Chief Executive Officer +44 (0) 20 7633 5000
Pantelis Papageorgiou, Finance Director
Bankside: +44 (0) 20 7367 8888
Simon Bloomfield or Steve Liebmann
Royal Bank of Canada: +44 (0) 20 7653 4667
Sarah Wharry
Related Shares:
Velocity Comp