Business
Director Dealings
Director Dealings.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n RNS Number : 4388A Velti PLC 01 February 2011 \n \n\n \n February 1, 2011\nVelti Announces Director Dealings\nDUBLIN, Ireland and SAN FRANCISCO, Feb. 1, 2011 -- Velti plc (Nasdaq:VELT - News), a leading mobile marketing and advertising technology provider for brands, advertising agencies, mobile operators and media, today announced that on January 28, 2011, the following Non-Executive Directors, Executive Directors, and Executive Officers sold an aggregate of 1,105,000 of our ordinary shares of 5p each, at a price to the public of $12.00 each, in connection with our initial public offering in the United States. The number of shares sold by each director and executive officer, and the beneficial ownership in Velti following each such sale, is set forth in the table below, which is based on information concerning our outstanding ordinary shares as of December 31, 2010:\n\n\n\n\n\n\n\n\n\n\nShares Beneficially\nOwned Prior to the\nOffering \n\n\n\n\n\n\n\n\nNumber of\nShares Sold\n\n\n\n\n\n\n\n\nNumber of Shares Beneficially Owned After the Offering \n\n\n\n\n\n \n\n\n\n\nName of Beneficial Owner \n\n\n\n\n\nNumber(1)\n\n\n\n\n\nPercent(1)\n\n\n\n\n\n\n\n\nNumber \n\n\n\n\n\nPercent \n\n\n\n\n\n \n\n\n\n\nAlex Moukas(1)\n\n\n\n\n\n\n\n\n4,132,398\n\n\n\n\n\n\n\n\n10.8\n\n\n%\n\n\n\n\n\n\n\n\n400,000\n\n\n\n\n\n\n\n\n\n\n\n3,732,398\n\n\n\n\n\n\n\n\n7.3\n\n\n%\n\n\n \n\n\n\n\nChris Kaskavelis(1)\n\n\n\n\n\n\n\n\n4,632,901\n\n\n\n\n\n\n\n\n12.1\n\n\n%\n\n\n\n\n\n\n\n\n400,000\n\n\n\n\n\n\n\n\n\n\n\n4,232,901\n\n\n\n\n\n\n\n\n8.3\n\n\n%\n\n\n \n\n\n\n\nMenelaos Scouloudis(1)\n\n\n\n\n\n\n\n\n1,862,078\n\n\n\n\n\n\n\n\n4.9\n\n\n%\n\n\n\n\n\n\n\n\n200,000\n\n\n\n\n\n\n\n\n\n\n\n1,662,078\n\n\n\n\n\n\n\n\n3.3\n\n\n%\n\n\n \n\n\...