Placing Shares

 

TIDMVELO 
 
RNS Number : 0196T 
Velosi Limited 
29 May 2009 
 

29 May 2009 
 
 
Velosi Limited 
("Velosi" or the 'Company') 
 
 
Issuance of Shares 
 
 
 
 
Pursuant to the Share Sale Agreement dated 19 October 2007 in relation to the 
acquisition of K2 Specialist Services Pte Ltd ("K2") which was announced on 22 
October 2007, the Company announces that it has issued 2,424,291 new ordinary 
shares of US$0.02 each ("Ordinary Shares") to Nicholas Robert Conway and David 
Griffin (the "Vendors"), following the satisfaction of the entire profit 
guarantee of SGD4,000,000 (approximately GBP1.34 million) aggregate profit after 
tax and minority interests, set for the stipulated guarantee period. 
 
 
Accordingly, application has been made for 2,424,291 new ordinary shares to be 
admitted to trading on AIM with effect from 5 June 2009. 
 
 
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 
 
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