euro adhoc: Spark Networks plc
Mergers - Acquisitions - Takeovers
Great Hill
Partners has Taken a 19.8% Equity Stake in Spark Networks
Joe Shapira to
Resign as Executive of Spark Networks
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
05.12.2005
BEVERLY HILLS, Calif., December 5, 2005 - Spark Networks plc, a leading provider of online personals, today announced that Great Hills Partners, a Boston-based equity management firm with over $1.2 billion in assets under management, have purchased 6,000,000 shares of Spark Networks. Based on the companys 30,209,496 shares outstanding, Great Hill Partners Group share position represents a 19.8 percent stake in the company.
Joe Shapira, one of the companys founders and executive chairman of the companys Board of Directors, has decided to resign from his operating role with Spark Networks. Mr. Shapira will continue to be a director and serve as Chairman of the companys Board of Directors. Mr. Shapira, who launched JDate in his home in 1997, served as the companys Chief Executive Officer until March 2004 and, since then, has served as Executive Co-Chairman and Chairman of the companys Board of Directors. Mr. Shapira plans to spend his time developing other business ventures.
IR Contact: Elmar Bob Tel.: +49 (69) 74 09 37 88 Fax: +49 (69) 74 09 37 87 E-Mail: elmar@spark.net URL: http://www.spark-networks.com
About Spark Networks plc: Spark Networks plcs Global Depositary Shares trade on the Frankfurt Stock Exchange (FSE) under the symbol "MHJG". The Spark Networks portfolio of consumer websites includes, among others, JDate.com (www.jdate.com), AmericanSingles.com (www.americansingles.com), BlackSinglesConnection.com (www.blacksinglesconnection.com) and ChristianMingle®.com (www.christianmingles.com). The company was formed in England in 1998.
end of announcement euro adhoc 05.12.2005 07:25:00
Further inquiry note:
Elmar Bob
Tel.: +49 (69) 74 09 37 88
Fax: +49 (69) 74 09 37 87
E-Mail: elmar@spark.net
Guido Pickert
Branche: Electronic Commerce
ISIN: US8465131097
WKN: A0DPY1
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
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