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Totalise to explain share suspension today

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Totalise is due to issue a statement later today explaining why its shares were suspended earlier this month.

Speculation about the company’s future has intensified over the last week or so, made worse by Totalise’s failure to communicate with its shareholders.

Some are so concerned at being blanked they are trying to force the company to convene an emergency meeting.

No one from the company was available for comment this morning.

The company’s directors are all at an off-site meeting and won’t be back in until this afternoon. Apparently.

In December, Totalise announced its intention to stop issuing free shares (done as part of a marketing initiative) from April in a move to underpin the company's share price. ®

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