Information  X 
Enter a valid email address

enterpriseAsia (EPA)

  Print      Mail a friend

Friday 15 September, 2000

enterpriseAsia

Stmnt re Artisan (UK) plc

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.



                                                                                
                                                                                
                                             

a d v e r t i s e m e n t