TIDMARTA

RNS Number : 7477Z

Artilium PLC

15 December 2014

Correction - This announcement replaces the one released at 7.00 a.m. this morning. This announcement correctly states that the total number of Ordinary Shares in issue following admission will be 230,199,895 Ordinary Shares.

Artilium plc

("Artilium" or the "Company")

Appointment of Director and issue of equity

Appointment of non-executive Director

The Company announces that the Board has appointed Bote de Vries as non-executive Director of Artilium plc effective from 1 January 2015.

Mr. de Vries has extensive experience in the financial industry and is the former Chief Commercial Officer ("CCO") of DVB Bank America. Currently he is Managing Director of Finmar B.V. and serves as a non-executive director for major shipping, finance and healthcare companies.

Commenting on the appointment Bart Weijermars, CEO of Artilium, said:

"The Company would like to welcome Bote de Vries to the board. With his considerable commercial and financial experience we are sure that he will be a very valuable addition to the team going forwards."

Issue of Equity

The Company has issued 2,493,950 new ordinary shares of 5p each ("Ordinary Shares") in the capital of the Company at an issue price of 6.2p per Ordinary Share to:

i) Jan Paul Menke (Chairman of the company) in respect of services provided to the Company during the calendar year 2014; and

ii) Patrick Morley (former Chairman of the Company) and Willem Van Den Brink (former CEO of the Company) in respect of their exit arrangements for the services provided to the Company until 30 June 2014.

Mr. Menke is now beneficially interested in 4,164,736 Ordinary Shares, representing approximately 1.81 per cent. of the enlarged total voting rights of the Company.

Application has been made for the 2,493,950 new ordinary shares in the Company to be admitted to AIM and admission is expected take place on 19 December 2014. The 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 230,199,895 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 their interest in, the Company under the FSA's Disclosure and Transparency Rules.

End

For further information please contact:

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

Regulatory information

Mr Bote de Vries, holds or has held the following directorships within the last five years:

 
 Current                    Previous 
 Finmar B.V.                DVB Bank America 
 Droomgaerd B.V. 
  Vallianz Holdings 
  TBS Holdings 
  Trivire 
  GGZ Breburg 
  NBZ Investment Fund 
  Rabobank Krimpenerwaard

Mr Bote de Vries holds no ordinary shares in the capital of the Company.

Save as disclosed above, there are no further disclosures to be made in relation to Bote de Vries under Schedule Two, paragraph (g) (i) - (viii) of the AIM Rules for Companies.

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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