Lycos Europe N.V.

EANS-Adhoc: Lycos Europe N.V.
Announcement of delisting of Lycos Europe N.V.'s shares listed on Euronext Paris

@@start.t1@@--------------------------------------------------------------------------------   ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro   adhoc with the aim of a Europe-wide distribution. The issuer is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

30.07.2009

Lycos Europe N.V. (Euronext NL 0000233195-LYC/  Xetra  WKN  932728  
LCY)  hereby announces its intention to delist its ordinary shares
listed  on  NYSE  Euronext Paris. This decision is principally due to
the following facts: *  Due to its results and prospects Lycos Europe
N.V.  announced  a  shutdown      process on 26 November 2008  which  
was  agreed  upon  by  the  extraordinary      shareholders' meeting on
12 December 2008 held in Amsterdam. Pursuant to this      shutdown
process as of today:

@@start.t2@@- Lycos has sold several business units including United-Domains, the Danish
         portal business and Lycos iQ;
      - Lycos is looking for a buyer for the shopping unit called Pangora;
      - The majority of the employees have been released by April 1, 2009; and
      - Lycos has terminated the better part of nearly 600 agreements (e.g. sales,
         marketing, technical agreements).@@end@@

*  As a result of this strategy Lycos Europe  N.V.  will  become  a  
publicly      listed  company  without  a  significant  operational  
business  and  it    is      contemplated to liquidate the company
within five to seven years. *  The current dual listing of Lycos
Europe N.V. is  no  longer  coherent  in      the context of the
implementation of its new strategy. *  The listing of Lycos Europe
N.V. on Euronext  Paris  creates  extra  costs      and administrative
burdens which are no longer justified given  the  strategy      of the
company. *  Lycos Europe N.V. has presently carried out capital
reimbursements of  EUR      85 million for the benefit of its
shareholders and will continue to do so  as      the assets are
liquidated. Following  these  successive  reimbursements,  the      
trading value of the shares will be reduced to  even  lower  levels  
than  is      presently the case. Due to several remaining agreements
and  in  particular  an  escrow  arrangement with United Internet the
purchaser  of  the  Domains  Business,  whereby  EUR  7 million of
the purchase  price  was  put  in  escrow    (until  latest  2014)  as
security Lycos Europe N.V. obligations  under  the  sale,  Lycos  
Europe  N.V.'s final liquidation of the company will presumably not
take place before 2014. On the basis of the facts set out above,
Lycos Europe  N.V.  has  requested  its delisting. The Board of NYSE
Euronext Paris accepted the  delisting  request  of Lycos Europe N.V.
and decided that  the  delisting  from  the  French  regulated market
would become effective on 3 January 2010 close  of  business.  This  
time gap was provided to give the Lycos Europe N.V. shareholders  an
opportunity  to sell their shares on Euronext Paris before the shares
are delisted. Please note that this delisting may have an effect on
the trading practices  and terms and conditions that are applicable
to you if  you  hold  shares  in  Lycos Europe N.V. once these shares
are no longer listed on Euronext  Paris.  As  from the delisting of
the shares  of  Lycos  Europe  N.V.  on  4  January  2010  your
financial intermediary will have until 15 January  2010  close  of  
business  to organize the transfer of your Lycos Europe N.V. shares  
portfolio  to  a  German depository. You should discuss this with
your broker or banker. If you intend to keep your shares in Lycos
Europe N.V., please note that  as  at 4 January 2010, your shares
will solely remain listed on  the  regulated  market general standard
of the Frankfurt Stock Exchange (FWB), which  should  permit  a
sufficient  trading  liquidity  for  the  shares,  and  it  is    not
currently contemplated to delist the shares of the company from this
market. Lycos Europe N.V.

@@start.t3@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Lycos Europe N.V.
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Investor relations Lycos Europe N.V.:
Jochen Hög - Tel :  +  49  (0)  5241  80  71244  -  Email  :
jochen.hoeg@lycos-
europe.com

Branche: Software
ISIN:      NL0000233195
WKN:        932728
Index:    Prime All Share, Technologie All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              Hannover / free trade
              Euronext Paris / free trade
              München / free trade



Weitere Meldungen: Lycos Europe N.V.

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