ALOG Asianlogic

RNS Number:4814S
AsianLogic Limited
16 April 2008



                               AsianLogic Limited
                                        
                    ("AsianLogic" or "ALL" or the "Company")
                                        
                 NOTIFICATION OF ORDINARY SHARE REPURCHASE PLAN


AsianLogic Limited, a diversified Asia-Pacific online and land-based gaming
company, announces today the adoption of a share repurchase plan. This plan
authorises the Company to make market purchases of up to 8,271,094 of its
ordinary shares, being 7.5 per cent. of the current outstanding ordinary shares,
during the three month period commencing on 16 April 2008 and ending on 15 July
2008.

The share repurchase plan does not require AsianLogic to repurchase shares. Any
purchases will be made in the normal course in the open market and all ordinary
shares purchased will be not be cancelled, but will be held in treasury. Any
purchases will be announced to the market as soon as possible after they have
occurred, and in any event by no later than 7.30am on the business day following
purchase.

This plan was adopted as AsianLogic and its directors believe that the recent
trading prices of the Company's ordinary shares do not reflect their underlying
value, given the Company's earnings and strong balance sheet. Accordingly,
AsianLogic intends to repurchase its ordinary shares over the next three months,
from time to time, subject to availability and market conditions, with a view to
enhancing AsianLogic's net asset value per share and earnings per share.


                                    - ends -


For further information contact:


Tom Hall, Executive Vice Chairman

ALL +852 9037 3749


Tim Mickley

Collins Stewart - Nominated Adviser to ALL 
+44 207 523 8350


David Rydell/Chris Hamilton/Helen Tarbet

Bell Pottinger Corporate & Financial 
+44 207 861 3232








                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCEADLKFAXPEFE

Grafico Azioni Asianlogic (LSE:ALOG)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Asianlogic (LSE:ALOG)
Storico
Da Mag 2023 a Mag 2024