029 Group SE

Legal Proceedings Report • Aug 21, 2001

News Details

Ad-hoc | 21 August 2001 08:33

MatchNet PLC english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 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 ——————————————————————————– WKN: 930129; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 210833 Aug 01