Artilium PLC (ARTA) said its board has requested the suspension of trading in its shares with immediate effect, as the only two board members - the CEO and the chairman – are in disagreement over the appropriate financing strategy for the company going forward.
The developer of advanced Mobile 2.0 software for telecoms networks said the board is hopeful of resolving these issues in a satisfactory manner. However, if this does not prove feasible, it is possible that the company may no longer be regarded as suitable for continued admission to AIM which may result in its securities being cancelled from trading on AIM.
Further announcements will be made in due course.http://www.proactiveinvestors.co.uk
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