Issue of Equity

RNS Number : 4139T

Velti PLC

05 June 2009

 



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  [e-mail] [phone] Steve Liebmann [e-mail] [phone]  Andy Harris [e-mail] [phone]	Velti Alex Moukas, Chief Executive Officer [phone] Pantelis Papageorgiou, Finance Director [phone] Nick Miles, PR Manager [e-mail]  [phone]
RBC Capital Markets Sarah Wharry [e-mail] [phone]

 

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