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Polemos shares had about been abeyant from trading, back it wasn’t able to accomplish an accretion in accordance with advertit rules.

The aggregation had become a banknote carapace on 8 March and had six months to accomplish an accretion that would aggregate a about-face takeover.

However, the shares could resume trading if the Digitalbox accretion was completed.

The parties had agreed a appraisal of Polemos of 1.1p per share, accountable to a cap of £1.1m on a fully-diluted basis, and the absolute issued disinterestedness of Digitalbox at £10m.

They planned to align a agreement of new accustomed shares in Polemos to accession about £3m.

Digitalbox was founded in 2013 by Martin Higginson, the architect of Monstermob Group, NetPlayTV and co-founder of Immotion Group.

It appear UK agenda media TV and celebrity online cast Entertainment Daily, which delivered over 8m account visits from 2m UK different users.

At 9:07am: [LON:PLMO] Polemos Plc Ord 0.01p allotment amount was 0p at 0.7p

Story provided by StockMarketWire.com

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