Director Shareholdings

RNS Number : 4847U

Velti PLC

25 June 2009

 



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    [phone]

Pantelis Papageorgiou, Finance Director

Bankside:                             [phone]

Simon Bloomfield or Steve Liebmann

Royal Bank of Canada:    [phone]

Sarah Wharry

 

END

 

 

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