Velocity Comp Regulatory News (VEL)

13 Jul 2009 10:08



Velti plc

Issue of Deferred Shares

Velti plc announces that on 2 July 2009, the remuneration committee approved the following grants of deferred shares to certain 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 5p per share under the deferred Shares Award Agreements are summarised below:

Alexandros Moukas  101,500

Christos Kaskavelis 84,000

Pantelis Papageorgiou  62,500

Menelaos Scouloudis  75,000

In each case, the entitlements under these awards will vest on 30 April 2011 and be subject to the fulfilment of certain performance conditions.

For further information, please contact: