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Expiry of Warrants

9th Sep 2011 07:00

RNS Number : 9225N
Artilium PLC
09 September 2011
 



 

 

Artilium plc

(the "Company")

 

Expiry of Warrants

The Company today reminds holders of its warrants issued pursuant to the terms of a warrant instrument dated 25 September 2008 ("Warrants"), that they have the rights ("Subscription Rights"), in accordance with the terms and conditions on which the Warrants were issued, to subscribe for ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") by making payments in cash for all or such number of Ordinary Shares as they shall specify and for which their holding of Warrants shall entitle them so to subscribe at a price of £0.2885 per Ordinary Share at any time during the period ending on the date of 25 September 2011. This is the final subscription date on which these Warrants can be exercised, following which all remaining outstanding Warrants will lapse.

The Company shall make applications to the London Stock Exchange for the Ordinary Shares allotted pursuant to any exercise of Subscription Rights to be admitted to trading on AIM (a market of the London Stock Exchange).

For further information contact:

Artilium PLC: +32 (0)50230300Adrie ReindersMaarten Bisseling

 

Arbuthnot Securities: +44 20 7012 2000Antonio BossiEd Groome

 

Cardew Group: +44 20 7930 0777Tim RobertsonJamie MiltonAlexandra Stoneham

 

About Artilium

Founded in 1995, Artilium develops and sells software solutions to telecoms companies and service providers under its ARTA family of products designed to capitalize on the opportunities presented by today's fragmented mobile phone markets. Its clients include BT, Vodafone Spain, Ziggo (NL), Belgacom Mobile (BE), Lebara, Telenet and KPN.

ARTA enables telecoms companies to market to consumers in a highly targeted manner, creating packages which are tailor made to groups of subscribers such as a municipalities or interest groups.

ARTA technology provides:

A low cost solution for creating a commercial communications network for communities and companies. Used by major Mobile Virtual Network Operators and smaller Operators targeting subscriber bases of 1,000 and higher.

A low cost, low power drainage use mobile phone based alternative to GPS for movement tracking for customers ranging from haulage firms through to families wishing to know where their children are.

A real time, low cost rerouting of calls to provide the most efficient solution to Mobile Network Operators and Mobile Virtual Network Operators.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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