5th Jun 2009 07:00
|
For Immediate Release |
5 June 2009 |
Velti plc
ISSUE OF EQUITY, SHARE INCENTIVE PLAN,
DIRECTORS' SHAREHOLDINGS and TOTAL VOTING RIGHTS
Velti plc ("Velti" or "the Company"), a leading provider of software platforms, applications and services for advertising agencies, mobile operators and media, has issued and allotted 496,625 new ordinary shares of 5p each as settlement of the final deferred consideration for the acquisition of M-Telecom OOD ("M-Telecom"), its Bulgarian subsidiary. This acquisition was announced on 23 March 2007.
In addition, the Company has issued and allotted 533,400 new ordinary shares of 5p each pursuant to the Company's Share Incentive Plan.
Shares issued under the Share Incentive Plan to Directors of the Company were as follows:
|
Director |
No. Of shares vested |
Total shares held |
% of issued share capital |
|
A Moukas |
73,600 |
4,099,918 |
11.79% |
|
P Papageorgiou |
73,600 |
202,290 |
0.58% |
|
M Scouloudis |
73,600 |
1,840,478 |
5.29% |
|
C Kaskavelis |
73,600 |
4,606,021 |
13.25% |
Application has been made for the new shares to be admitted to trading on AIM and dealings are expected to commence on 10 June 2009.
Total voting rights
Following admission of the new ordinary shares, the Company's issued and voting capital will consist of 34,763,248 ordinary shares. The Company does not hold any Ordinary Shares in Treasury.
END
For further information, please contact:
|
Bankside Consultants Simon Bloomfield +44 (0)207 367 8861 Steve Liebmann +44 (0)207 367 8883 Andy Harris +44 (0)207 367 8866 |
Velti Alex Moukas, Chief Executive Officer +44 (0) 20 7633 5000 Pantelis Papageorgiou, Finance Director +44 (0) 20 7633 5000 Nick Miles, PR Manager +44 (0)207 633 5034 |
|
RBC Capital Markets Sarah Wharry +44 (0)207 653 4667 |
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