London, 18 December 2009
Velti plc
Admission of New Velti Shares to trading on AIM
Recommended 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").
Old 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.
Pursuant 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.
Capitalised 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.
For further information, please contact:
Bankside Consultants Simon Bloomfield [email protected] +44 (0)207 367 8861 Steve Liebmann +44 (0)207 367 8883 Andy Harris +44 (0)207 367 8866 | Velti Alex Moukas, Chief Executive Officer +44 (0) 20 7633 5000 Wilson Cheung, Chief Financial Officer +1 415 315 3400 Nick Miles, PR Manager +44 (0)207 633 5034 |
RBC Capital Markets Joshua Critchley joshua.critchley@rbccm.com Matthew Coakes Brett Jacobs +44 (0)207 653 4000 |