7 Jan 2013 17:52
| Date: | 7 January 2013 |
| On behalf of: | Cupid plc ('Cupid', the 'Company' or the 'Group') |
| Embargoed until: | Immediate release |
Cupid plc
Share buy-back programme
and
Total Voting Rights
Further to the announcement by the Company on 19 December 2012 in relation to the Company's proposed share buy-back programme during a close period ("Buyback Programme"), Cupid announces that it has today commenced the Buyback Programme and purchased 135,000 of its ordinary shares of 2.5p each at a volume weighted average price paid per share of 193.8148p. The highest price paid per share was 194p and the lowest price paid per share was 193p. Cupid purchased these shares through Peel Hunt LLP. The number of shares purchased represented 0.16% of the voting rights attributable to the total ordinary shares in issue of 85,096,971 prior to such purchase. The purchased shares will be cancelled.
The total number of ordinary shares of 2.5p each in issue following this announcement is 84,961,971. Cupid holds no shares in treasury. Therefore the total number of voting rights in the Company following this announcement is therefore 84,961,971. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosures and Transparency Rules.
For further information please contact:
Cupid plc | Tel: +44 (0)131 526 3600 |
Niall Stirling, CFO | |
Peel Hunt LLP (Nominated Adviser and Joint Broker) | Tel: +44 (0)207 418 8900 |
Richard Kauffer Daniel Harris | |
Numis Securities Ltd (Joint Broker) Alex Ham Nick Westlake Redleaf Polhill | Tel: +44 (0) 207 260 1000 |
Rebecca Sanders-Hewett Henry Columbine David Ison | Tel: +44 (0)207 566 6720 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.