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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?


To: ms.smartest.person who wrote (184)1/30/2001 1:05:31 AM
From: ms.smartest.person  Read Replies (1) | Respond to of 2248
 
Spike Networks Ltd. 1/29/01 - Company request for trading halt

SPIKE NETWORKS LIMITED 2001-01-30 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
In accordance with Listing Rule 17.1, Spike Networks Limited (Spike)
hereby requests a trading halt.

For the purposes of the request Spike provides the following
information.

1. Late on Monday, 29 January 2001 Spike signed various agreements in
relation to techpacific.com Limited's investment in Spike CyberWorks
Limited, the joint venture company through which Spike operates its
digital services business. Signing of the agreements was conditional
on all parties to the transaction agreeing on the terms of a joint
announcement to the Australian and Hong Kong stock exchanges. In
addition, the terms of the proposed announcement require Hong Kong
regulatory authority approval. It is anticipated that agreement on
the terms of the announcement will be reached some time today and
that Hong Kong regulatory authority approval will also be obtained
some time today.

2. Spike wishes the trading halt to last until the earlier of:

(a) the release to the market of an announcement regarding the
transaction referred to in paragraph 1; or

(b) the commencement of trading on ASX on Wednesday, 31 January 2001.

3. Spike is not aware of any reason why the trading halt should not
be granted.

A Koolmees
COMPANY SECRETARY


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