Spark Networks plc

euro adhoc: Spark Networks plc
Restructuring & Recapitalisations / Shareholders Approve Spark Networks(R) Plan to Reorganize in the United States

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 15.06.2007 BEVERLY HILLS, California, June 15 -- Spark Networks (MHJG: Prime Standard Frankfurt; Amex: LOV), a leading provider of online personals services, announced that shareholders at a meeting held today approved a plan to establish Spark Networks plc as a subsidiary of Spark Networks, Inc., a corporation that has been incorporated in Delaware for this purpose. The proposed Delaware reorganization will be effected by way of a Scheme of Arrangement under U.K. law. Earlier this week, option holders also approved some modifications to Spark Networks' option schemes in connection with the reorganization. Subject to U.K. court approval, the shares (including the Global Depositary Shares (GDSs) and American Depositary Shares (ADSs)) of the U.K. company, Spark Networks plc, will be cancelled and shareholders, GDS holders and ADS holders will each receive one share of Spark Networks, Inc.'s common stock for each ordinary share (or depositary share) that they currently own. The U.K. court hearing to approve the Scheme of Arrangement is scheduled for July 6, 2007. Subject to the U.K. court approval, effective July 9, 2007, the shares of common stock in Spark Networks, Inc. will be listed for trading on the American Stock Exchange under the current ticker symbol "LOV" and Spark Networks plc's GDSs and ADSs will no longer trade on the Frankfurt Stock Exchange and American Stock Exchange, respectively. The quotation and the admission for trading of the GDSs on the Frankfurt Stock Exchange are expected to expire within 48 hours after the effective date of the Scheme of Arrangement, i.e. by July 11, 2007. 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 (http://www.jdate.com), AmericanSingles(R).com (http://www.americansingles.com), BlackSingles.com(R) (http://www.blacksingles.com), and ChristianMingle(R).com (http://www.christianmingle.com). end of announcement euro adhoc 15.06.2007 22:06:33 -------------------------------------------------------------------------------- ots Originaltext: Spark Networks plc Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Investors, Mark Thompson, +1-323-836-3000, ext. 4015, mthompson@spark.net, or Media, Gail Laguna, +1-323-836-3000, ext. 4402, glaguna@spark.net, both of Spark Networks 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

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