Director/PDMR Shareholding
19 Abril 2010 - 6:00AM
UK Regulatory
TIDMVELO
RNS Number : 3808K
Velosi Limited
19 April 2010
19 April 2010
Velosi Limited
("VELOSI" or the "Company")
Grant of Options
Velosi announces that on 19 April 2010 the Board of the Company approved the
grant of options over 520,000 ordinary shares of US$0.02 each in the Company
("Ordinary Shares") to Directors, pursuant to the Company's Share Option Scheme.
The options were granted as follows:
+---------------------+---------------------+---------------------+
| Director | Options granted | Options held |
| | | following this |
| | | notification |
+---------------------+---------------------+---------------------+
| John Anthony Hogan | 25,000 | 100,556 |
+---------------------+---------------------+---------------------+
| Nabil Abdul Jalil | 125,000 | 855,238 |
+---------------------+---------------------+---------------------+
| Joseph Thomas | 125,000 | 778,959 |
| Vincent | | |
+---------------------+---------------------+---------------------+
| Ooi Soon Teik | 225,000 | 726,399 |
+---------------------+---------------------+---------------------+
| Marcus John Gregory | 20,000 | 95,556 |
| Stanton | | |
+---------------------+---------------------+---------------------+
The options are exercisable (in whole or in part) at any time from the third up
to the tenth anniversary of the date of grant and are exercisable at a price of
109.5 pence per share being the average closing mid-market price for the three
business days prior to the date of grant.
The Board has also granted a further 1,020,500 options over Ordinary Shares to
employees of the Company, exercisable on the same terms as above.
For further information, please contact:
+---------------------+---------------------+---------------------+
| VELOSI | Dr Nabil Abdul | 020 7930 0777 |
| | Jalil | |
| | Dan Ooi | |
| | | |
+---------------------+---------------------+---------------------+
| Strand Hanson | James Harris | 020 7409 3494 |
| | Richard Tulloch | |
| | | |
+---------------------+---------------------+---------------------+
| Charles Stanley | Mark Taylor | 020 7149 6000 |
| | | |
+---------------------+---------------------+---------------------+
| Cardew Group | Tim Robertson | 020 7930 0777 |
| | Catherine Maitland | |
+---------------------+---------------------+---------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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