Neteller press release
Thursday, 28 June 2007 – NETELLER Plc (LSE: NLR), the independent global online payments business, announced on 4 June 2007 that it was continuing to cooperate with the investigation being conducted by the United States Attorney’s Office for the Southern District of New York (“USAOâ€), under the advice of its legal advisers and in accordance with court orders in the Isle of Man, and that it was in discussions with the USAO for the purpose of resolving the investigation. The Company also commented at that time that it had advised the USAO that it would use its best efforts to resolve the investigation no later than 13 July 2007.
The Company today announces that due to the ongoing investigation by the US authorities, the annual audited accounts for the year ended 31 December 2006 will not be finalised in time to send to shareholders by 30 June 2007. The Company can confirm that the outcome of the investigation is the sole matter delaying the finalisation of the accounts.
Accordingly, the Company will not be able to comply with Rule 19 of the AIM Rules that requires an AIM company to send its accounts to shareholders not later than six months after the end of the financial year to which they relate. Consistent with its advice to the USAO to use its best efforts to resolve the investigation by no later than 13 July 2007, the Company is doing its utmost to finalise and post its audited accounts and to announce its full year results for the period ended 31 December 2006 to the market.
The Company’s ordinary shares will continue to be suspended from trading. Further information will be announced as and when it becomes available.
If you have any queries relating to the above, please contact the Company’s nominated adviser on 020 7991 8888.
About the NETELLER Group
Trusted by millions of consumers in over 160 countries to move and manage billions of dollars each year, the NETELLER Group operates the world’s leading independent online payment business. The Group specializes in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the Group to support thousands of retailers and merchants in many geographies and across multiple industries.
The Group is quoted on the London Stock Exchange’s AIM market, with a ticker symbol of NLR. NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about the Group visit www.netellergroup.com.
