8 Feb 2013 12:12
| Date: | 8 February 2013 |
| On behalf of: | Cupid plc ('Cupid', the 'Company' or the 'Group') |
| Immediate release | |
Cupid plc
Movement in Share Price
Cupid plc notes the movement in its share price; the Company knows of no material reason for the movement. The Group confirms it is trading in line with expectations and that at the year end had approximately £14m cash on its balance sheet. As previously announced, the Group will be issuing its full year 2012 results on 5 March 2013. The Company is aware of a consumer radio programme investigating the online dating world. Cupid is currently co-operating fully with the programme makers to respond to their questions and to clarify that the Group only acts in a legal and appropriate manner.
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For further information please contact:
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 | Tel: +44 (0) 207 260 1000 |
Redleaf Polhill Emma Kane Rebecca Sanders-Hewett | 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.
IDE.L (IDE)