22nd Sep 2008 07:00
22 September 2008
Artilium plc
("Artilium" or the "Company")
Statement re: Share Price Movement
The Board of Artilium plc (the "Board") has noted the continuing volatility of the company's share price. It is the Board's view that, excluding general economic conditions, this volatility might have been caused by speculative trading activities including long and short positions being taken in the Company's shares via contracts for difference. These arrangements are completely outside the control of the Board and typically do not allow the Board to have visibility of the ultimate beneficiaries.
The Board is committed to releasing any price-sensitive information in its possession without delay in accordance with the AIM Rules. The Board confirms that it knows of no reason for the fall in the share price. The Board continues to work towards finalising the terms of the Placing to be voted on by shareholders at the General Meeting to be held on 25 September 2008 and, as previously announced, intends to issue Preliminary results for the financial year ended 30 June 2008 before the end of September.
For further information contact:
|
Deloitte Corporate Finance (NOMAD) |
T. +44 (0)20 7936 3000 |
|
David Smith / Jonathan Hinton |
|
Ends
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