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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Spdr Bloomberg Barclays Intermediate Term Corporate Bond ETF (Based ON Barclays Capital Intermediate U.S. Corporate (delisted) | AMEX:ITR | AMEX | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.56 | 0 | 01:00:00 |
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RNS Number:7176J
Interregnum PLC
07 April 2003
7th April 2003
PRESS RELEASE
INTERREGNUM PLC
Sale of uDate.com Completed
Interregnum plc ("Interregnum" or "the Company"), the information technology
investment and advisory firm, is pleased to confirm that the sale of uDate.com
to USA Interactive completed successfully on 4th April 2003.
Interregnum held a small equity position in uDate.com and acted as advisor to
the firm on this transaction. As a result, Interregnum will receive an advisory
fee of US$1 million and a residual equity position in USA Interactive (NASDAQ:
USAI) worth in excess of US$300,000 at the close of Friday 4th April 2003.
Interregnum stated at its interims results in March 2003 that the successful
completion of the sale of uDate.com to USA Interactive would be of material
benefit to the Company in the current financial year.
Commenting on this transaction, Ken Olisa, Chairman & CEO of Interregnum, said:
"We are delighted that the successful completion of this transaction clearly
reinforces Interregnum as a quality IT investment and advisory company. In
addition, the sale of uDate.com to USA Interactive proves that, despite the very
difficult market conditions in which all companies are operating, there still
remain transactional opportunities for technology firms.
"Although progress in building the value of the Company's portfolio and
operational profitability remains measured, our role in the growth and sale of
uDate.com provides us with confidence in the value and prospects for the Company
going forward."
-Ends-
For further information, please contact:
Interregnum plc Tel: 020 7494 3080
Ken Olisa, Chairman and Chief Executive
Merlin Financial Tel: 020 7606 1244
Vanessa Maydon / Clare Maciocia
This information is provided by RNS
The company news service from the London Stock Exchange
END
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1 Year Spdr Bloomberg Barclays Intermediate Term Corporate Bond ETF (Based ON Barclays Capital Intermediate U.S. Corporate (delisted) Chart |
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