15th Apr 2008 07:01
Velti PLC15 April 2008 15 April 2008 Velti plc Non-Executive Directors' Compensation in Shares The Board of Velti plc agreed on 14 March 2008, that the Non-Executive Directorswill receive 60% of their compensation for the period May 2008 to April 2009 inthe Company's Ordinary 5p shares, except for Nicholas Negroponte who willreceive 100% of his compensation in shares. Non-Executive Director Shares to be issued as Compensation David Mann 21,170David Hobley 13,472Nicholas Negroponte 22,453Jerry Goldstein 13,472 Application will be made to the London Stock Exchange for the 70,567 newOrdinary 5p Shares in the Company to be admitted to trading on AIM. The totalnumber of Ordinary 5p Shares in issue post-admission will be 32,844,705. Each director's holding post the issue of these shares will be: David Mann 85,011David Hobley 54,098Nicholas Negroponte 744,845Jerry Goldstein 388,666 The shares have been issued at 172p, the average of the closing mid market shareprice for the 60 days prior to 14 March 2007. CONTACTS Velti:Alexandros Moukas, Chief Executive Officer +44 (0) 20 7633 5000Pantelis Papageorgiou, Finance Director Bankside: +44 (0) 20 7367 8888Simon Bloomfield or Steve Liebmann Royal Bank of Canada: +44 (0) 20 7653 4667Sarah Wharry This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Velocity Comp