ARTA Artilium

TIDMARTA

RNS Number : 2927S

Artilium PLC

06 July 2015

Artilium plc

("Artilium" or the "Company")

Artilium buys the *bliep mobile brand and customers and significantly expands its customer base and revenues in the Netherlands

Artilium plc (LSE/AIM: ARTA), the AIM quoted provider of innovative telecommunication software and solutions, is pleased to announce the acquisition of all the assets of *bliep (www.bliep.nl), through its subsidiary United Telecom NV ("United Telecom"). Total consideration for the assets is EUR190,000, which is being satisfied through a cash payment of EUR140,000, and the balance of EUR50,000 is being satisfied by the issue of 585,000 new ordinary shares to the vendors, at a price of 6.1 pence per share (the "Consideration Shares") (together the "Transaction"). The cash payment for *bliep will be funded out of the Company's existing cash resources.

The Company also intends shortly to issue a convertible loan note for a cash amount of EUR200,000, to an existing shareholder, repayable in full in January 2016 at a rate of eight per cent, or convertible to new ordinary shares in the Company.

*bliep is a virtual mobile network operator offering daily flexible subscriptions focussed on the younger generation of mobile users in the Netherlands. These daily bundles are simple and flexible and can be switched on a daily basis, offering tariffs from 0 to EUR0.5 per day.

*bliep is generating annual revenues of approximately EUR1.2 million.

Bart Weijermars, Chief Executive Officer of Artilium said:

"With the acquisition of *bliep and its customer base we are adding a very exciting brand to our business and are expanding our mobile retail offering internationally. Being involved in the conception of the *bliep brand in the early days, I strongly believe that young people are key in building the *bliep community and therefore they determine the products and activities of *bliep. I look forward to building a new team of young people that will reposition the *bliep brand. Operationally and technically we are ready to support the team with our products and services."

In addition to brand and customers, Artilium will also acquire the technology that offers the simple and flexible customer interaction software linked to the Artilium enabling platform which will provide Artilium with the opportunity to provide a more comprehensive offering to other customers of its platform as well.

*bliep works on the Tele2 network in the Netherlands and has approximately 21,000 customers. As part of the Transaction, the Company has agreed to settle certain unpaid invoices by *bliep due to Tele2 in relation to network usage over the three months prior to the Transaction, which will be payable during 2016 and 2017 and which amounts to a total liability of c.EUR205,000.

Application has been made for the 585,000 new ordinary shares in the Company to be admitted to trading on AIM and admission is expected to take place on 10 July 2015. The new ordinary shares will rank pari passu with the existing ordinary shares of the Company.

Following admission the total number of issued Ordinary Shares in the Company will be 237,329,840 Ordinary Shares. This figure may be used by shareholders of the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to the interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further information please contact:

 
 Artilium PLC                            +32 (0)50230300 
 Bart Weijermars - Chief Executive 
  Officer 
 
 finnCap Ltd 
  Stuart Andrews & Scott Mathieson 
  (corporate finance) 
  Joanna Weaving (corporate broking)     +44 20 7220 0500 
 

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(R) 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(R) 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 telecommunication 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).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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