Spark Networks plc
MatchNet PLC english
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Frankfurt, 21. August 2001
Matchnet completes last step in Socialnet acquisition
MatchNet plc (WKN 930 129), owner of Leading international Internet dating
services and listed at Neuer Markt announced today that it has issued the
remaining 714,974 ordinary shares of 1p each which were due to former SocialNet
shareholders as part of MatchNet’s purchase of SocialNet, Inc. As previously
announced, the total number of shares issued to acquire SocialNet was
2,999,874, of which 2,284,900 were issued on 15 February 2001. The shares being
issued now are the remainder of the purchase price and were held back at the
original closing as security against purchase indemnities given by SocialNet’s
shareholders. The six months indemnity period has expired under the agreement
and, as the security was not required, MatchNet is issuing these remaining
shares to the former SocialNet shareholders, which include prominent companies
like Accel Partners, St. Paul Ventures, Knight Ridder Ventures, Primedia
Ventures and The Tribune Company.
The capital increase brings MatchNet plc’s total shares outstanding in the
company to 17,837,521 shares.
IR Contakt IR Contact
Elmar Bob Value Relations IR Services
Phone: (69) 74 09 37 88 Phone: (6196) 88 00 215
Fax.: (69) 74 09 37 87 Fax: (6196) 88 00 447
E-Mail: elmar@matchnet.com E-Mail: value-relations.de
URL: http://www.MatchNet.com URl: http://www.value-relations.de
end of ad hoc announcement (c) DGAP 21.08.2001
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WKN: 930129; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
210833 Aug 01
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