ANNOUNCEMENT RE SUSPENSION OF SHARES AND UPDATE ON STRATEGIC REVIEW AND FUNDRAISING
The Board of betinternet.com plc (“betinternet” or “the Company”) announces that the strategic review and fundraising, of which shareholders were updated in an announcement on 19 October 2004, is nearing completion and it is anticipated that this will be finalised and details set out in a circular to shareholders before the end of December 2004.
As announced in yesterday’s preliminary results announcement, the publication of the Company’s Report and Accounts has been delayed pending the completion of the fundraising, subject to shareholder approval. As a result of this delay in the publication of the Report and Accounts beyond six months after the financial year end, the Company’s shares have been subject to a technical suspension.
The Board expects that the Report and Accounts will be posted to shareholders before 31 December 2004 at which time the suspension of the Company’s shares will be removed and dealings restored.