Fundraise

Artilium plc

('Artilium' or the 'Company')

Artilium raises £0.5m in Subscription

Artilium (AIM: ARTA) is pleased to announce that it has raised approximately £0.5 million (before expenses) through a subscription of 9,090,904 new ordinary shares of 5p each ("Subscription Shares") at a price of 5.5p per Subscription Share (the "Subscription"). 5,090,908 Subscription Shares were subscribed for by existing shareholders, with Directors subscribing for a total of 1,272,724 Subscription Shares.

The proceeds from the issue of shares will be used for investment in marketing, sales and international distribution channels as well as for working capital purposes.

Bart Weijermars, CEO Artilium commented: "We are very pleased to have completed this Subscription with the support of existing shareholders. Our intention is to market to major telecoms providers internationally where we see opportunities for Artilium's advanced Cloud product suite (Platform As A Service), yielding the ARTA platform's scalability, flexibility and proven stability."

The Company is making progress on recruiting two new independent non-executive directors and the market will be updated in due course.

Jan-Paul Menke and Bart Weijermars subscribed for Subscription Shares. Following the Subscription, the directors' interests in the Company are set out below:

Application has been made to the London Stock Exchange for a total of 9,090,904 new ordinary shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on 2 September 2014.

In accordance with the FSA's Disclosure and Transparency Rules, the Company notifies the market that following the Subscription the total number of ordinary shares of 5p each in the capital of the Company in issue following Admission will be 227,705,945 with each share carrying the right to one vote. The Company holds no shares in treasury, therefore the total number of voting rights in the Company will be 227,705,945.

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 Artilium plc under the FSA's Disclosure and Transparency Rules.

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About Artilium

Artilium is a demonstrated leader in the development of next generation communication technologies. Artilium's strategy focuses on supporting its customers to successfully grow their business by providing flexible, cost effective and innovative solutions.

Artilium's innovation-driven strategy empowers telecom operators around the globe to face the tremendous challenges ahead. We combine next-generation technology with traditional telecom environments to create exciting new business opportunities for our customers. This ensures that our customers are able to keep up with rapidly evolving market demands while simultaneously growing their businesses. 

ARTA® is the real-time Authentication, Authorization and Accounting (AAA) software that brings a full suite of new functionalities to telecom Operators and virtual Operators. Thanks to ARTA® value-added services portfolio, including for instance AAA of voice, text and data services, VoIP, 3G and 4G compliance, mobile payments and location-based services, our partners are more than ready to meet future customer needs.

Today, multiple renowned national and international telecom companies rely on Artilium to deliver voice, text and data services to about 1.5 Million end users every day.

Artilium's "Pay-As-You-Grow" model allows us to scale our solutions to the exact needs of our customers. As a latest innovation, Artilium offers its product suite from the Cloud as a PAAS (Platform As A Service), yielding ARTA's scalability, flexibility and proven stability.

Artilium PLC is a publicly listed software company on the London Stock Exchange (LSE/AIM: ARTA).