Arden has resigned as nominated adviser and broker to Venue Solutions.
The company needs to find a new nominated adviser by 14 September 2009 or it will lose its Aim quotation.
The news followed the issue of 45.9m shares by the company. Most of these were issued at 2p each. Directors were issued with 21.3m of these shares - chief executive Oliver Iny received 15m shares.
The shares will be suspended on 13 August 2009 at 0.53p each.
Following the completion of the company’s CVA it has increased its stake in YourDay Inc to 74%.
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