24th Dec 2014 12:11
Date: 24 December 2014
On behalf of: Cupid plc ('Cupid', or the 'Company')
Cupid plc
Completion of Disposal
The Board of Cupid plc (AIM: CUP)is pleased to announce Completion today of the Disposal of its Traditional Dating Assets to Tradax IP Licensing Limited, Together Networks Holdings Limited and Together Networks Limited. The consideration received from Tradax today amounted to £2.25 million, which reflects the announced sale price of £3 million less an amount of £0.75 million, which will be paid at completion of the French Asset Purchase Agreement.
As announced on 8 December 2014 Ian McCaig and Russell Shaw have resigned as directors with immediate effect.
Capitalised but undefined terms shall have the meaning given to them in the definitions appearing in the circular.
For further information please contact:
Cupid plc | Via Redleaf Polhill |
Phil Gripton, CEO Niall Stirling, CFO | |
Peel Hunt LLP (Nominated Adviser and Broker) |
0207 418 8900 |
Richard Kauffer Daniel Harris | |
Redleaf PR (Financial PR) Rebecca Sanders Hewett Dwight Burden |
0207 382 4730 |
Notes to Editors
Further information on the Company can be found at www.cupidplc.com or [email protected].
Related Shares:
IDE.L