The Bookseller.com

20th November 2008

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ArgentVive shares suspended

30.09.08 Victoria Gallagher

Trading in the shares of BookRabbit’s parent company ArgentVive has been suspended on AIM, after the group admitted that it would not get its annual report and accounts for the year ending 31st March out by 30th September.

ArgentVive said the board was restructuring the company in order to focus on its core businesses. It stated: "This process is progressing well and once completed the company will then be in a position to release the report and accounts and seek for the restoration of dealings on AIM."

ArgentVive launched the social bookselling website, Bookrabbit in March. However, in July six of the ten staff were made redundant.

Kevin Fleming, finance director of ArgentVive, told The Bookseller in June that “there is not a huge amount of capital, so we need to be selective about how we spend it".

Charles Denton bookrabbit ArgentVive Victoria Gallagher