Business
Admission of New Shares
Admission of New Shares.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n RNS Number : 3650E Velti PLC 18 December 2009 \n \nLondon, 18 December 2009\nVelti plc\nAdmission of New Velti Shares to trading on AIM\nRecommended 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\").\nOld 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. \nPursuant 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. \nCapitalised 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.\nFor further information, please contact: \n\n\n\n\nBankside Consultants\nSimon Bloomfield [email protected]\n+44 (0)207 367 8861\n\nSteve Liebmann\[email protected]\n+44 (0)207 367 8883 \n\nAndy Harris\[email protected]\n+44 (0)207 367 8866\n\n\n\nVelti\nAlex Moukas, Chief Executive Officer\n+44 (0) 20 7633 5000\n\nWilson Cheung, Chief Financial Officer\n+1 415 315 3400\n\nNick Miles, PR Manager\[email protected] \n+44 (0)207 633 5034 \n\n\n\n\n\nRBC Capital Markets\nJoshua Critchley [email protected]\n\nMatthew Coakes\[email protected]\n\nBrett Jacobs\[email protected]\n\n+44 (0)207 653 4000 \n\n\n\n\n\n\n\n \nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCCKFKQCBDKNBD \n ","length":4531,"tagName":"div"}]