Empire Online Limited
28 December 2006
28 December 2006
Empire Online ('Empire' or 'the Company')
Empire Online notes recent press speculation and confirms that it is in advanced
discussions to sell its trade and gaming related assets.
Following any such disposal, the Company's intention is to become an investing
company. The proceeds of any disposal would be used together with the Company's
existing cash of approximately US$250 million to invest opportunistically in
both private and public businesses and across the small, mid and large-cap range
of companies.
Shareholder approval would be required for a disposal of the Company's trade and
gaming related assets and in order to approve the Company's investing strategy.
Further announcements will be made as appropriate.
Enquiries:
Empire Online Limited +357 25 847 700
Noam Lanir, Chief Executive Officer
Andrew Burns, Chief Financial Officer
Hudson Sandler +44 20 7796 4133
Michael Sandler/Jessica Rouleau
This information is provided by RNS
The company news service from the London Stock Exchange