Business
Issue of Deferred Shares
Issue of Deferred Shares.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n Velti PLC\n16 May 2007\n\n\n\n Velti Plc\n\n Issue of Deferred Shares\n\n\nVelti plc, a provider of software platforms, applications and services for\nmobile network operators, media and retailer brands in Greece and the Balkan\nregion, announced today that arrangements were completed on 30 April 2007, for\nthe granting of deferred shares (Ordinary 5p shares) to certain directors\npursuant to the Velti plc Share Incentive Plan, adopted on 26 April 2006, and\ntheir respective Deferred Shares Award Agreements. The awards are summarised\nbelow:\n\n\nDirector Nil Cost Share Awards \n under the deferred Shares \n Award Agreement\n\nAlexandros 90,000\nMoukas\nChristos 90,000\nKaskavelis\nPantelis 90,000\nPapageorgiou\nMenelaos 90,000\nScouloudis\n\n\n\nIn each case, the entitlements under these awards will vest on March 31 2009 and\nbe subject to the fulfilment of certain performance conditions.\n\n\nCONTACTS\n\nOriel Securities 020-7710-7600\nAndrew Edwards\n\nBankside: 020-7367-8888\nSimon Bloomfield or Steve Liebmann\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1803,"tagName":"div"}]