Grant of Options

 

TIDMVELO 
 
RNS Number : 8807S 
Velosi Limited 
27 May 2009 
 

27 May 2009 
 
 
Velosi Limited 
("Velosi" or the 'Company') 
 
 
Grant of Options 
 
 
Velosi announces that on 19 May 2009 the board of the Company approved the grant 
of options over 400,000 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         |                  20,000 |                 75,556 | 
+----------------------------+-------------------------+------------------------+ 
| Nabil Abdul Jalil          |                 120,000 |                730,238 | 
+----------------------------+-------------------------+------------------------+ 
| Joseph Thomas Vincent      |                 120,000 |                653,959 | 
+----------------------------+-------------------------+------------------------+ 
| Ooi Soon Teik              |                 120,000 |                501,399 | 
+----------------------------+-------------------------+------------------------+ 
| Marcus John Gregory        |                  20,000 |                 75,556 | 
| 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 
65.5 pence per share. 
 
 
The board has also granted a further 990,000 options over Ordinary Shares 
to employees of the Company, exercisable on the same terms as above. 
 
 
 
 
For further information, please contact: 
 
 
+-----------------------------------------------+------------------+ 
| Velosi                                        | 020 7930 0777    | 
+-----------------------------------------------+------------------+ 
| Dr Nabil Abdul Jalil                          |                  | 
+-----------------------------------------------+------------------+ 
| Joe Vincent                                   |                  | 
+-----------------------------------------------+------------------+ 
|                                               |                  | 
+-----------------------------------------------+------------------+ 
| Strand Partners                               | 020 7409 3494    | 
+-----------------------------------------------+------------------+ 
| James Harris                                  |                  | 
+-----------------------------------------------+------------------+ 
| Warren Pearce                                 |                  | 
+-----------------------------------------------+------------------+ 
|                                               |                  | 
+-----------------------------------------------+------------------+ 
| Charles Stanley                               | 020 7149 6000    | 
+-----------------------------------------------+------------------+ 
| Mark Taylor                                   |                  | 
+-----------------------------------------------+------------------+ 
| Freddy Crossley                               |                  | 
+-----------------------------------------------+------------------+ 
|                                               |                  | 
+-----------------------------------------------+------------------+ 
| Cardew Group                                  | 020 7930 0777    | 
+-----------------------------------------------+------------------+ 
| Tim Robertson                                 |                  | 
+-----------------------------------------------+------------------+ 
| Catherine Maitland                            |                  | 
+-----------------------------------------------+------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSARMBTMMMTBAL