enterpriseAsia.com PLC
7 September 2000
EnterpriseAsia.com Plc ('EPA')
The Board of EPA has reviewed the contents of the
circular sent to its shareholders by Artisan (UK) Plc
('Artisan') on 31st August 2000.
In its circular to shareholders dated 23rd August 2000,
the Board of EPA stated 'It is your Board's belief that
Artisan's approach is an opportunistic attempt to obtain
your company's cash assets without making a formal offer
to shareholders and without presenting any alternative
strategy for EPA and its shareholders to consider'.
Accordingly the Board of EPA sought an explanation from
Artisan on two key issues:
- Why does Artisan not propose to make an offer to all
EPA shareholders?
- What alternative strategy does Artisan propose for
EPA?
The circular from Artisan does not provide an answer to
either of these key issues.
Accordingly, the Board of EPA unanimously recommends all
shareholders to vote against all resolutions set out in
the notice of the meeting.
Press enquires:
enterpriseAsia.com plc:
Benjamin Ng, Chief Executive
Phill Brown, Director (Corporate Relations)
Telephone: 01274 623478
Altium Capital Limited
Nominated Adviser to enterpriseAsia.com plc
Garry Levin
Telephone: 0207 484 4081
Biddick Associates Limited
Public Relations Advisers to enterpriseAsia.com plc
Zoe Biddick, Shane Dolan & James Benjamin
Telephone: 0207 464 4280