Spark Networks plc

euro adhoc: Spark Networks plc
Annual & Special Corporate Meetings
Spark Networks(R) Announces Results of Its Annual General Meeting of Shareholders

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

21.11.2006

BEVERLY HILLS, Calif., Nov. 21 -- Spark Networks plc (Amex: LOV), a leading provider of online personals services, announced the results of its Annual General Meeting held on November 21, 2006.

@@start.t2@@      All five board nominees were elected to serve as directors of Spark
Networks.  David Siminoff was re-elected to serve as Chairman of the Board.
Following the meeting, the Company's board consists of ten members, nine of whom
are outside directors.
      In addition, shareholders approved the Directors' Remuneration Report; the
reappointment of Ernst & Young LLP as independent auditors; and gave approval to
receive the Company's accounts for the year ended December 31, 2005.
      Also at the meeting, shareholders in accordance with the recommendation of
Spark Networks' board of directors, approved the Company's Share Repurchase plan
authorizing the potential repurchase of up to an aggregate of approximately
2,000,000 shares.  The repurchases will be done in the open market on the
American Stock Exchange, Frankfurt Stock Exchange and XETRA exchange.  The
authorization to repurchase shares is valid for the next
18 months.
      Any repurchases of ADSs on the American Stock Exchange will be conducted in
compliance with Rule 10b-18 under the Securities Exchange Act of 1934, which
prescribes price, volume and procedural requirements for an issuer purchasing
its shares.  Although any repurchases on the Frankfurt Stock Exchange are not
required to comply with Rule 10b-18, in addition to complying with German
buyback rules, the Company intends, to the extent practicable, to conduct such
repurchases as though the conditions of Rule 10b-18 were applicable.  The
repurchase plan will be funded using the Company's distributable profits as
prescribed by UK law.
      Rule 10b-18 prescribes price, volume and procedural restrictions for an
issuer purchasing its own shares as follows:
      *  The Company must effect all repurchases from or through only one
          broker or dealer per exchange on any single day.
      *  A purchase shall not constitute the opening transaction nor may any
          purchases take place during the last half hour of trading before the
          scheduled close of trading.
      *  The purchase must be conducted at a price that is the highest current
          independent published bid or the last independent sale reported,
          whichever is higher.
      *  The total amount purchased on any given day may not exceed 25 percent
          of the average daily trading volume.  However, once a week, the Company
          may purchase, subject to the other restrictions described above, blocks
          of its securities.(1)
      About Spark Networks plc:
      Spark Networks' American Depository Shares trade on the American Stock
Exchange under the symbol "LOV," and its Global Depositary Shares trade on the
Frankfurt Stock Exchange under the symbol "MHJG."  The Spark Networks portfolio
of consumer websites includes, among others, JDate(R).com (www.jdate.com),
AmericanSingles(R).com (www.americansingles.com), BBWPersonalsPlus(R).com
(www.bbwpersonalsplus.com), BlackSingles.com(R) (www.blacksingles.com),
CatholicMingle(TM).com (www.catholicmingle.com), LDSMingle(R).com
(www.ldsmingle.com), LDSSingles(TM).com (www.ldssingles.com),
PrimeSingles(TM).net (www.primesingles.net), and Relationships.com(TM)
(www.relationships.com).
      (1)  The volume limitation does not apply to block purchases.  A "block"
              is defined as a quantity of stock that either has a purchase price of
              USD200,000 or more, is at least 5,000 shares and has a purchase price
              of at least USD50,000 or is at least 20 round lots of the security
              and totals 150 percent or more of the trading volume for that
              security.  A "round lot" is defined as 100 shares.  Therefore,
              notwithstanding the volume limitation of Rule 10b-18, the Company may
              purchase, subject to the other restrictions described above, blocks
              of its securities.@@end@@

@@start.t3@@end of announcement                                                 euro adhoc 21.11.2006 22:07:39
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Spark Networks plc
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Investors, Mark Thompson, +1-323-836-3000, mthompson@spark.net, or Media, Gail
Laguna, +1-323-836-3000, glaguna@spark.net, both of Spark Networks plc

Branche: Electronic Commerce
ISIN:      US8465131097
WKN:        A0DPY1
Index:    Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade



Weitere Meldungen: Spark Networks plc

Das könnte Sie auch interessieren: