Business
NED Shares
NED Shares.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n Velti PLC\n15 April 2008\n\n\n\n15 April 2008\n\n Velti plc\n\n Non-Executive Directors' Compensation in Shares\n\n\nThe Board of Velti plc agreed on 14 March 2008, that the Non-Executive Directors\nwill receive 60% of their compensation for the period May 2008 to April 2009 in\nthe Company's Ordinary 5p shares, except for Nicholas Negroponte who will\nreceive 100% of his compensation in shares.\n\nNon-Executive Director Shares to be issued as Compensation\n\nDavid Mann 21,170\nDavid Hobley 13,472\nNicholas Negroponte 22,453\nJerry Goldstein 13,472\n\nApplication will be made to the London Stock Exchange for the 70,567 new\nOrdinary 5p Shares in the Company to be admitted to trading on AIM. The total\nnumber of Ordinary 5p Shares in issue post-admission will be 32,844,705.\n\nEach director's holding post the issue of these shares will be:\n\nDavid Mann 85,011\nDavid Hobley 54,098\nNicholas Negroponte 744,845\nJerry Goldstein 388,666\n\nThe shares have been issued at 172p, the average of the closing mid market share\nprice for the 60 days prior to 14 March 2007.\n\n\n\nCONTACTS\n\nVelti:\nAlexandros Moukas, Chief Executive Officer +44 (0) 20 7633 5000\nPantelis Papageorgiou, Finance Director\n\nBankside: +44 (0) 20 7367 8888\nSimon Bloomfield or Steve Liebmann\n\nRoyal Bank of Canada: +44 (0) 20 7653 4667\nSarah Wharry\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n LLFFKPEFE \n ","length":2313,"tagName":"div"}]