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13 Jul 2009 10:08
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Velti plc
Issue of Deferred Shares
Velti plcΒ announcesΒ that onΒ 2 JulyΒ 2009, the remuneration committee approved the following grants of deferred shares to certainΒ Directors. The grants are pursuant to the Velti plc Share Incentive Plan, adopted on 26 April 2006, and their respective Deferred Shares Award Agreements. The Director Share Awards, which have been granted at the nominal value of 5pΒ per shareΒ under the deferred Shares Award AgreementsΒ are summarised below:
Alexandros MoukasΒ 101,500
Christos Kaskavelis 84,000
Pantelis PapageorgiouΒ 62,500
Menelaos ScouloudisΒ 75,000
In each case, the entitlements under these awards will vestΒ on 30 AprilΒ 2011Β and be subject to the fulfilment of certain performance conditions.
For further information, please contact:
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Bankside Consultants Simon Bloomfield simon.bloomfield@bankside.com +44 (0)207 367 8861 Steve Liebmann steve.liebmann@bankside.com +44 (0)207 367 8883Β AndyΒ Harris andrew.harris@bankside.com +44 (0)207 367Β 8866 |
Velti Alex Moukas, Chief Executive Officer +44 (0) 20Β 7633 5000 Pantelis Papageorgiou, Finance Director +44 (0) 20Β 7633 5000 Nick Miles, PR Manager nmiles@velti.comΒ +44 (0)207 633 5034 |
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RBC Capital Markets Sarah Wharry sarah.wharry@rbccm.com +44 (0)207 653 4667Β |
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