Admission of New Shares

RNS Number : 3650E

Velti PLC

18 December 2009

 



London, 18 December 2009

Velti plc

Admission of New Velti Shares to trading on AIM

Recommended proposals to establish Velti plc (a company incorporated in Jersey with registered number 103899) ("New Velti") as the holding company of Velti plc ("Old Velti") by means of a scheme of arrangement between Old Velti and its shareholders under sections 895 to 899 of the Companies Act 2006 (the "Scheme").

Old Velti and New Velti announce that the Scheme has become effective today. New Velti also announces the admission of 37,530,261 New Velti Shares of 5 pence each to trading on AIM and the commencement of dealing in New Velti Shares at 8:00 a.m. (GMT) today. 

Pursuant to the Scheme, 37,530,261 Old Velti Shares have been cancelled from trading on AIM at 8:00 a.m. (GMT) today. Scheme Shareholders have received one New Velti Share for every one Old Velti Share held at 6:00 p.m. (GMT) on 17 December 2009. 

Capitalised terms used but not defined in this announcement have the meaning given to them in the circular despatched to shareholders of Old Velti on 28 October 2009.

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] Wilson Cheung, Chief Financial Officer [phone] Nick Miles, PR Manager [e-mail]  [phone]
RBC Capital Markets Joshua Critchley [e-mail] Matthew Coakes [e-mail] Brett Jacobs [e-mail] [phone]

 

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