TIDMCUP

RNS Number : 7501A

Cupid PLC

24 December 2014

   Date:                                     24 December 2014 
   On behalf of:                     Cupid plc ('Cupid', or the 'Company')

Cupid plc

Completion of Disposal

The Board of Cupid plc (AIM: CUP)is pleased to announce Completion today of the Disposal of its Traditional Dating Assets to Tradax IP Licensing Limited, Together Networks Holdings Limited and Together Networks Limited. The consideration received from Tradax today amounted to GBP2.25 million, which reflects the announced sale price of GBP3 million less an amount of GBP0.75 million, which will be paid at completion of the French Asset Purchase Agreement.

As announced on 8 December 2014 Ian McCaig and Russell Shaw have resigned as directors with immediate effect.

Capitalised but undefined terms shall have the meaning given to them in the definitions appearing in the circular.

For further information please contact:

 
     Cupid plc                                 Via Redleaf Polhill 
     Phil Gripton, CEO 
      Niall Stirling, CFO 
 
 
       Peel Hunt LLP (Nominated Adviser 
       and Broker)                               0207 418 8900 
     Richard Kauffer 
      Daniel Harris 
 
      Redleaf PR (Financial PR)                  0207 382 4730 
      Rebecca Sanders Hewett                     cupid@redleafpr.com 
      Dwight Burden

Notes to Editors

Further information on the Company can be found at www.cupidplc.com or cupid@redleafpr.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISUSRURSWAUUAA

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