NewMedia SPARK PLC
10 September 2001
NewMedia SPARK increases stake in Sputz to 37.9%
Following the announcement of its public tender to acquire a majority stake in
Sputz AG, NewMedia SPARK-Holding GmbH, a wholly owned subsidiary of NewMedia
SPARK plc ('SPARK'), today announced that it has acquired a further 11.5%
stake in Sputz at its tender price of Euro8.50 per share. This takes SPARK's
total holding in Sputz to 37.9%.
SPARK wishes to acquire at least 51% of the total shareholding of Sputz. Prior
to announcing the tender offer, SPARK had already entered into an agreement to
acquire a 26.4% stake in Sputz.
Commenting on the offer update, Michael Whitaker, CEO of NewMedia SPARK plc
said:
'We are pleased by the positive response we have received from the Sputz
shareholders so far and remain confident that we will be able to secure a 51%
shareholding in the Company.'
The offer period during which shareholders can tender their shares to NewMedia
SPARK-Holding closes on 24 September 2001.
For further information, please contact:
Michael Whitaker / Joel Plasco
NewMedia SPARK plc +44 (0) 207 851 7777
Alexander Eichner
SPARK GmbH +49 (0) 30 2094 7200
NewMedia SPARK
Listed on London's Alternative Investment Market, NewMedia SPARK plc is one of
Europe's leading quoted venture capital organisations. SPARK currently has a
portfolio of investments in over 50 companies in Europe and India. At 31 March
2001, SPARK's portfolio was valued at £109.7m and it had cash reserves of £
76.6m. SPARK has operations in London, Stockholm, Berlin and Madrid. For
further information see www.newmediaspark.com.
Sputz AG
Sputz AG is a holding company listed on the Frankfurt stock exchange. Sputz's
portfolio of holdings includes a number of important financial businesses,
operating both on-line and off-line. For example, it owns approximately 1% of
the Deutsche Borse and approximately 11% of Tullett & Tokyo Liberty plc, as
well as having majority ownership of significant German broking operations and
a minority holding in Germany's first ECN. In addition it owns stakes in
several technology related pre-IPO businesses, and has been in the process of
developing a venture capital investment business to complement its financial
services businesses. It also has fund management operations. Sputz is
headquartered in Dusseldorf and also has operations in Frankfurt. For further
information see www.spuetz.de.
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