Last checked at 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:
| Bankside Consultants Simon Bloomfield simon.bloomfield@bankside.com +44 (0)207 367 8861 Steve Liebmann steve.liebmann@bankside.com +44 (0)207 367 8883 Andy Harris andrew.harris@bankside.com +44 (0)207 367 8866 | Velti Alex Moukas, Chief Executive Officer +44 (0) 20 7633 5000 Pantelis Papageorgiou, Finance Director +44 (0) 20 7633 5000 Nick Miles, PR Manager nmiles@velti.com +44 (0)207 633 5034 |
| RBC Capital Markets Sarah Wharry sarah.wharry@rbccm.com +44 (0)207 653 4667 |