euro adhoc: Spark Networks plc
Restructuring & Recapitalisations
Spark
Networks(R) to Reorganize in the United States
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
06.07.2007
- Scheme of Arrangement Receives U.K. High Court Approval -
BEVERLY HILLS, Calif., July 6 -- Spark Networks plc (MHJG: Prime Standard Frankfurt, Amex: LOV), a leading provider of online personals services, announced that today the High Court of Justice in England and Wales has approved the Scheme of Arrangement under U.K. law through which Spark Networks plc will become a subsidiary of Spark Networks, Inc., a Delaware corporation.
It is anticipated that the effective date of the reorganization will be July 9, 2007. On the effective date, the U.K. Company's shares -- including ordinary shares, Global Depositary Shares (GDSs) and American Depositary Shares (ADSs) -- will be cancelled and ordinary shareholders, GDS holders and ADS holders will each receive one share of common stock of Spark Networks, Inc. for each ordinary share (or depositary share) that they currently own.
Also, on the effective date, shares of common stock in Spark Networks, Inc. will be listed for trading on the American Stock Exchange under ticker symbol "LOV" (the current ticker symbol for Spark Networks plc) and the ADSs will cease trading on the American Stock Exchange. The quotation and admission for trading of the GDSs on the Frankfurt Stock Exchange are expected to expire within 48 hours after the effective date.
About Spark Networks plc:
Spark Networks plc's 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 06.07.2007 18:59:57
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 plc
Branche: Electronic Commerce
ISIN: US8465131097
WKN: A0DPY1
Index: Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade