Major interest and total voting rights

 

TIDMVELO 
 
RNS Number : 3545I 
Velosi Limited 
10 March 2010 
 

 
                                 Velosi Limited 
                          ("Velosi" or "the Company") 
 
             Notification of major interest and total voting rights 
 
Further to the announcement of 9 February 2010 in relation to the acquisition of 
the Velosi trading name in Malaysia, the Company confirms that application has 
been made for the 1,618,677 Ordinary Shares issued to the Vendors pursuant to 
the Sale and Purchase Agreement to be admitted to trading AIM with effect from 
12 March 2010. 
 
The Company also confirms that the Ordinary Shares to be issued to Mohd Ashari 
and Mohd Jai have been issued to Axzar Investment Limited ("Axzar") for their 
benefit.  The Vendors are therefore interested in, in aggregate, 11,320,137 
Ordinary Shares, being 6,736,955 Ordinary Shares held by Velosi Malaysia 
(representing 13.92 per cent. of Velosi's enlarged issued share capital), 
2,235,030 Ordinary Share held by Mohd Ashari (representing 4.62 per cent. of 
Velosi's enlarged issued share capital), 1,618,677 Ordinary shares held by Axzar 
(representing 3.35 per cent. of Velosi's enlarged issued share capital) and 
729,475 Ordinary Share held by Mohd Jai (representing 1.51 per cent. of Velosi's 
enlarged issued share capital), representing in aggregate approximately 23.40 
per cent. of Velosi's enlarged issued share capital.  The Ordinary Shares held 
by Velosi Malaysia and Axzar are held for the benefit of Mohd Ashari and Mohd 
Jai. 
 
In accordance with the Financial Services Authority's Disclosure and 
Transparency Rules, the total number of Ordinary Shares in issue following 
admission will be 48,384,548 with each Ordinary Share carrying the right to one 
vote. 
 
The above figure may be used by shareholders as the denominator for the 
calculations by which they will determine if they are required to notify their 
interest in, or a change to their interest in the Company, under the Disclosure 
and Transparency Rules. 
 
Capitalised terms in this announcement have the same meaning as those in the 
announcement of 9 February 2010 unless the context requires otherwise. 
 
For further information, please contact: 
 
+----------------------+----------------------+----------------------+ 
| Velosi Limited       | Dr Nabil Abdul Jalil |        020 7930 0777 | 
|                      | Dan Ooi              |                      | 
+----------------------+----------------------+----------------------+ 
|                      |                      |                      | 
+----------------------+----------------------+----------------------+ 
| Strand Hanson        | James Harris         |        020 7409 3494 | 
| Limited              | Richard Tulloch      |                      | 
+----------------------+----------------------+----------------------+ 
|                      |                      |                      | 
+----------------------+----------------------+----------------------+ 
| Charles Stanley      | Mark Taylor          |        020 7149 6000 | 
| Securities           |                      |                      | 
+----------------------+----------------------+----------------------+ 
|                      |                      |                      | 
+----------------------+----------------------+----------------------+ 
| 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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