30 Nov 2012 07:00
| 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.