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Disclosure rectification announcement transmitted by euro adhoc. The issuer
is responsible for the content of this announcement.
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26.11.2008
Haarlem / Netherlands, November 26, 2008 – LYCOS Europe N.V. (“LYCOS”), one of the leading portal providers, online advertisers, hosting, domain and price- comparison platforms in Europe, today announces the results of its strategic review process.
Over the past months LYCOS, together with its advisors, has evaluated the different available options for the business. These options included the sale of the company as a whole, a sale of all or parts of the assets of LYCOS, restructuring and partial liquidation of the business.
As a result of this strategic review process the Management Board and the Supervisory Board of LYCOS came to the conclusion that the best available option of the company is to (i) strive for a sale of its domains, Danish portal and shopping activities and (ii) to discontinue the portal and webhosting activities.
As a result of this conclusion LYCOS intends to distribute an amount of EUR 50 million in 2008 to its shareholders.
The above mentioned steps are subject to the approval of LYCOS’ shareholder meeting, which will be held December 12th, 2008 in Amsterdam, the Netherlands. The full agenda as well as further information are available on the LYCOS corporate website.
About Lycos
Lycos Europe (ISIN NL0000233195) is one of the leading European portal providers
and online advertisers operating a network of websites in seven languages in
Europe and the USA. The company’s combination of search, communication services,
online communities, content channels, shopping, homepage building and domain
names registration addresses a wide range of target groups. end of announcement euro adhoc
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original announcement: ———————————————- ———————————- keywords: other
euro adhoc: other / LYCOS Europe N.V. announces the results of strategic review process 26.11.2008
Haarlem / Netherlands, November 10, 2008 – LYCOS Europe N.V. (“LYCOS”), one of the leading portal providers, online advertisers, hosting, domain and price- comparison platforms in Europe, today announces the results of its strategic review process.
Over the past months LYCOS, together with its advisors, has evaluated the different available options for the business. These options included the sale of the company as a whole, a sale of all or parts of the assets of LYCOS, restructuring and partial liquidation of the business.
As a result of this strategic review process the Management Board and the Supervisory Board of LYCOS came to the conclusion that the best available option of the company is to (i) strive for a sale of its domains, Danish portal and shopping activities and (ii) to discontinue the portal and webhosting activities.
As a result of this conclusion LYCOS intends to distribute an amount of EUR 50 million in 2008 to its shareholders.
The above mentioned steps are subject to the approval of LYCOS’ shareholder meeting, which will be held November 25th, 2008 in Amsterdam, the Netherlands. The full agenda as well as further information are available on the LYCOS corporate website.
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About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the leading European portal providers and online advertisers operating a network of websites in seven languages in Europe and the USA. The company’s combination of search, communication services, online communities, content channels, shopping, homepage building and domain names registration addresses a wide range of target groups.
further inquiry note:
LYCOS Europe
Public Relations
Frauke Riva
T: +49-(0)5241-80-71050
F: +49-(0)5241-80-671050
E: frauke.riva@lycos-europe.com
http://www.lycos-europe.com
end of announcement euro adhoc ——– ——————————————————————— —
sector publicity: 2008-11-26 08:35:57 – Bloomberg- abborted
2008-11-26 08:35:57 – Bloomberg- abborted
2008-11-26 08:35:57 – PR Newswire- abborted
2008-11-26 08:35:57 – PR Newswire- abborted
Further inquiry note:
LYCOS Europe
Public Relations
Frauke Riva
T: +49-(0)5241-80-71050
F: +49-(0)5241-80-671050
E: frauke.riva@lycos-europe.com
Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Euronext – Paris / free trade
Börse München / free trade
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