ALOG Asianlogic

    RNS Number : 8415J
  AsianLogic Limited
  10 December 2008
   


    AsianLogic Limited
("AsianLogic" 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 further share
repurchase plan. This plan authorises the Company to make on-market purchases of up to 15,297,712 of its ordinary shares, being up to 15.0
per cent. of the Company's current outstanding ordinary shares, during the one month period commencing on 10 December 2008 and ending on 9
January 2009.
    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 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 approved by the Board as the Company's directors believe that the recent trading price 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 month, 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 please contact:

        
 
    
 Tom Hall, Chief Executive OfficerAsianLogic                 +44 207 861 3232 
                      c/o Bell Pottinger Corporate &
 Financial 
 Mark Connelly/Adam CowenCollins Stewart Europe Limited      +44 207 523 8350 
 David Rydell/Olly Scott/Helen TarbetBellPottinger           +44 207 861 3232 
 Corporate & Financial 
          

                 

                              
                                              



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