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Cupid PLC  -  CUP   

General meeting to approve share buyback

Released 07:00 30-Nov-2012

RNS Number : 3723S
Cupid PLC
30 November 2012
 



Date:

30 November 2012

On behalf of:

Cupid plc ('Cupid', the 'Company' or the 'Group')

Embargoed until:

0700hrs

 

 

 

Cupid plc

 

General meeting to approve share buyback resolution

 

 

Cupid plc (the "Company") announces that it is holding a General Meeting of shareholders to apply for shareholder approval for a share buyback programme of up to 10% of the issued share capital of the Company. The aim of the programme is to reduce the issued share capital of the Company to help enhance returns for shareholders. The shares to be purchased on behalf of the Company will either be cancelled or held in treasury.

  

The repurchases will be managed during close periods by an independent third party which makes its trading decisions in relation to the Company's securities independently of, and uninfluenced by, the Company.

 

The General Meeting of shareholders will be held on Wednesday 19 December 2012 at 11.00 am at 7 Castle Street, Edinburgh, EH2 3AH, and the only resolution being proposed is in relation to the share buyback approval.

 

 

 

 

 

For further information please contact:

 

Cupid plc

Tel: +44 (0)131 526 3600

Mark Doughty, CFO

Bill Dobbie, CEO

Peel Hunt LLP (Nominated Adviser and Joint Broker)

Tel: +44 (0)207 418 8900

Richard Kauffer

Daniel Harris

Numis Securities Ltd (Joint Broker)

Tel +44 (0)207 260 1000

Alex Ham

Nick Westlake

Redleaf Polhill

Tel: +44 (0)207 566 6720

Henry Columbine

David Ison

cupid@redleafpolhill.com

 

Notes to Editors

 

§ Cupid plc listed on AIM in June 2010 and is a leading provider of online dating services

 

§ Cupid has built significant and growing revenues in 15 countries.

 

§ Cupid offers a wide variety of online dating services allowing members to interact with each other and access the content available on the Group's websites. These websites are intended to appeal to dating users of diverse ages, cultures and social interest groups. The Group's most heavily visited websites include www.cupid.com, www.flirt.com, www.benaughty.com and www.girlsdateforfree.com. The Group also promotes the niche brands www.datingforparents.com, www.indiandating.com, www.loveagain.com and www.uniformdating.com.

 

§ Cupid plc products are available across the web and also via mobile application stores.

 

§ Further information on the Company can be found at www.cupidplc.com.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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General meeting to approve share buyback - RNS