Artilium PLC Acquisition (6698S)
December 23 2016 - 2:00AM
UK Regulatory
TIDMARTA
RNS Number : 6698S
Artilium PLC
23 December 2016
Artilium plc
('Artilium' or the 'Company')
Artilium acquires ELLO Mobile
Artilium plc (LSE/AIM: ARTA), the AIM quoted provider of
innovative telecommunication software and solutions, is pleased to
announce the acquisition, through its subsidiary United Telecom NV
("United Telecom"), of the entire issued share capital of ELLO BVBA
("ELLO Mobile"), an MVNO based in Belgium (the "Acquisition").
Consideration for the Acquisition is EUR300,000 which is being
satisfied by the immediate issue of 3,823,636 new ordinary shares
of 5 pence each ("Ordinary Shares") at a price of 6.6 pence per
Ordinary Share (the "Consideration Shares").
Highlights
-- Artilium to acquire ELLO Mobile (www.ello-mobile.be) for a total consideration of EUR300,000;
-- Consideration to be satisfied by the issue of 3,823,636 new
Ordinary Shares at 6.6 pence per share, locked in for 24 months;
and
-- ELLO Mobile adds an excellent mobile brand with a loyal
following to United Telecom's offering.
About ELLO Mobile
Ello Mobile is the mobile services provider that gives back.
Ello Mobile currently donates its entire profit to social-minded
and non-profit charity projects. Since its inception, Ello Mobile
has donated more than EUR1 million to good causes.
Ello Mobile is based in Belgium and in the year to 31 December
2015 generated revenues of EUR698,222, EBITDA of EUR181,670 and had
net liabilities of EUR47,085 as at that date. United Telecom has
committed to donate a minimum of EUR50,000 per annum to charitable
organisations in each of the three years following completion of
the Acquisition.
Bart Weijermars, Chief Executive Officer of Artilium said:
"With the acquisition of Ello Mobile and its customer base we
are adding a very exciting brand to our business which is different
from the big mobile brands. Our customers get a top service and
contribute to charities at the same time."
Application has been made for the 3,823,636 Consideration Shares
to be admitted to trading on AIM ("Admission") and Admission is
expected to take place on 30 December 2016. 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 309,934,681 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
Bart Weijermars - Chief Executive +32 (0)502
Officer 30300
finnCap Ltd
Jonny Franklin-Adams & Scott Mathieson
(corporate finance) +44 20 7220
Joanna Scott (corporate broking) 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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