Transaction in Own Shares

    RNS Number : 0511J
  AsianLogic Limited
  27 November 2008
   

    27 November 2008


    AsianLogic Limited

    ("AsianLogic", "ALL" or the "Company")


    Transaction In Own Shares
                

    AsianLogic Limited, a diversified Asia-Pacific online and land-based gaming company, announces that it has today purchased 25,500 shares
for no consideration and instructed its Registrar, Computershare, to cancel the shares.

    The transaction and cancellation has been conducted in accordance with the terms of the Company's Share Award Deed (the "Deed")
following the resignation of a Company executive on 31 October. The terms of the Deed stipulate that following resignation unvested shares
awarded under the Deed shall be repurchased and cancelled.

    Following the above purchase, there is no change to the Company's 8.271 million ordinary shares held in treasury. The total number of
ordinary shares in issue (excluding shares held as treasury shares) is reduced from 102,010,250 to 101,984,750.


    - Ends -


    For further information contact:


 ALL                                         [phone]
 Tom Hall, Executive Vice Chairman


 Collins Stewart - Nominated Adviser to ALL  [phone]
 Mark Connelly


 Bell Pottinger Corporate & Financial        [phone]
 David Rydell / Olly Scott / Helen Tarbet


                                


    About AsianLogic

    AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company operates eight online
casino brands and four online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist
in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. AsianLogic also owns and operates The Asian Poker Tour.

    The Company maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related
businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming
providers including Playtech and LVS. 

    Founded as ESL in 2002, AsianLogic employs more than 300 people, the majority of whom are based in the Philippines.

    For more information visit: www.asianlogic.com or www.asianpt.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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