enterpriseAsia.com PLC
15 September 2000
enterpriseAsia.com ('EA')
The Board of EA note the Stock Exchange announcement issued by
Artisan (UK) plc ('Artisan') yesterday, in which Artisan
conceded that it had acted in breach of the Rules of City Code
on Takeovers and Mergers in its purchase of 1,000,000 shares
in EA on 1st August 2000.
The consequence of this breach is that Artisan will be
prevented from exercising its votes in respect of 1,000,000
shares of its holding in EA at the forthcoming extraordinary
general meeting of EA to be held on 20th September 2000.
The Board of EA has today issued a circular to its
shareholders in which it re-affirms its view that Artisan
should not be permitted to gain control of EA without first
making an offer for its shares. Accordingly, EA shareholders
are again being urged to vote against the resolutions to
remove EA directors and appoint Artisan replacements at the
forthcoming extraordinary general meeting.