Business
Statement re. Press Comment
Statement re. Press Comment.
About this update from Livermore Investments Group Limited
[{"type":"text","content":"\n Empire Online Limited\n28 December 2006\n\n\n\n 28 December 2006\n\n\n\n Empire Online ('Empire' or 'the Company')\n\n\n\n\n\nEmpire Online notes recent press speculation and confirms that it is in advanced\ndiscussions to sell its trade and gaming related assets.\n\n\n\nFollowing any such disposal, the Company's intention is to become an investing\ncompany. The proceeds of any disposal would be used together with the Company's\nexisting cash of approximately US$250 million to invest opportunistically in\nboth private and public businesses and across the small, mid and large-cap range\nof companies.\n\n\n\nShareholder approval would be required for a disposal of the Company's trade and\ngaming related assets and in order to approve the Company's investing strategy.\n\n\n\nFurther announcements will be made as appropriate.\n\n\n\n\n\nEnquiries:\n\n\n\nEmpire Online Limited +357 25 847 700\n\nNoam Lanir, Chief Executive Officer\nAndrew Burns, Chief Financial Officer\n\n\n\nHudson Sandler +44 20 7796 4133\nMichael Sandler/Jessica Rouleau\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1548,"tagName":"div"}]