EO enters into agreement to acquire EPO.com Wednesday 13 December 2000 PDF Print EO now the No.1 pan-European new issues distribution platform London 13 December 2000 - EO, the online share distribution platform for retail investors, announced today that it has entered into an agreement to acquire EPO.com for an undisclosed sum, in an all share transaction valuing EO shares at £1.50 each. Key features of the combined business include: * Pan-European presence: distribution into the UK, Sweden, Germany, France, Italy and Finland. * Increased registered user base: over 175,000 registered on-line members * Increased retail investor reach: over 16m users across Europe through distribution partnerships with key players in the retail investment market: Online brokers: Charles Schwab Europe, Barclays Stockbrokers, Sharepeople, Stockacademy, Stocktrade, E*trade. Portals: Yahoo!, GlobalNetFinancial.com, Tiscali and Ciaoweb Retail investment sites: ADVFN, hemscott.NET, moneyextra.com Other: OM Stockholm Stock Exchange * Proven transaction expertise: the combined entity has distributed over 50 new issue deals online in the last 12 months including Deutsche Post, Carphone Warehouse, Web.de, Oasis healthcare and several issues on behalf of the Swedish national debt office. * Combined transaction flow: EO's existing partnerships with UBS Warburg, NewMedia SPARK and Noble & Co together with EPO.com's strong relationships with European issuers creates a valuable single pipeline of future dealflow for retail investors * Strong financial position: the combined entity will benefit from EO's recent fundraisings of £10m as part of NewMedia SPARK's acquisition of Internet Indirect and £6.6m from a Friends and Family round in July. EO will also benefit from increased revenue opportunities and cost savings from creating an integrated on-line platform. Ola Lauritzson, currently CEO of EPO.com, has been asked to join the Board of EO plc as Marketing Director. This further strengthens the EO Board following the recent appointments of Sir Michael Jenkins, Vice Chairman of Dresdner Kleinwort Benson, Ronald Freeman, ex-Vice Chairman of Schroders Salomon Smith Barney and Lynn Dukes, former Managing Director at UBS as non-executive directors. Commenting on the acquisition, John St.John, CEO of EO plc said: "This deal is a milestone in EO's development. The acquisition is beneficial to both our customers and our partners in terms of increased product and broader distribution. The synergies between the two businesses will both increase revenue and minimise costs, allowing us to consolidate our position as Europe's number one player in this rapidly evolving market." Ola Lauritzon, CEO of EPO.com said: "EPO.com was founded in 1998, the market has grown rapidly and the time is right for the emergence of one clear leader. This deal makes our combined business that market leader and I look forward to working with the team to further grow the business to take advantage of the ever increasing demand for new issue investment opportunities from the retail market." The Offer is subject to the approval of the UK and Swedish financial services regulators. Agreement to the conditional terms of the offer has been received from shareholders accounting for over approximately 60% of EPO.com's shares. Enquiries: John St.John/Jakob Kinde +44 207 725 4900 EO Ola Lauritzson +44 771 350 9326 EPO.com Peter Pender-Cudlip +44 207 251 3801 Finsbury EO plc * EO plc, which is regulated by the SFA, is an on-line share distribution platform for IPOs and private placements. EO works in partnership with investment banks and venture capital firms to distribute equity product to retail investors on a pan-European basis. * EO benefits from a partnership GlobalNetFinancial.com, Europe's largest financial information portal, with investment sites in the US, UK, France, Italy, Netherlands, Spain, Germany and Denmark. EO also has partnerships with leading retail investment sites including ADVFN, hemscott.NET and moneyextra.com. * EO has partnerships with online brokers including Charles Schwab Europe, Sharepeople, Stockacademy and Stocktrade to provide users with direct access to investment opportunities at www.eo.net. * EO has established partnerships with UBS Warburg and Nobles. Under the terms of these partnerships, the investment banks will make appropriate equity product offerings available to retail investors via www.eo.net. * EO also benefits from exclusive deal flow from its founding shareholder NewMedia SPARK, Europe's leading quoted early stage technology investor. * EO has existing partnerships with Continental European online IPO providers, more.de in Germany and EuropeOffering.com in France. * Through its existing combined networks and partnership arrangements, EO now reaches an audience of over 16 million online users throughout the UK and Europe. * Investors should register free and without obligation at http://www.eo.net EPO.com EPO.com, founded in Sweden in 1998, has its headquarters in London. EPO.com has participated, to date, in more than 40 transactions, including stock market listings in Sweden and in the UK. It has over 85,000 registered members in Europe and is based in Sweden, Finland, France, Italy and the UK. By using the internet, EPO.com opens up the previously restricted market for primary equity capital to a new group of retail investors, enabling private individuals to participate directly in stock market listings. Subscription, allocation and payment for new shares are all carried out online. Among the shareholders of EPO.com are French Internet bank Zebank, Banc Boston, Catalyst Fund Management & Research and the Swedish internet venture capital firm, Catella IT. This press release was distributed by ResponseSource Press Release Wire on behalf of Finsbury Group in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.