The Carphone Warehouse Group PLC ("CPW")
August 28th, 2002
CPW announces that it has today acquired all of AOL Europe SA’s ("AOL") minority shareholding in CPW’s subsidiary Mviva Limited ("Mviva"), being all the issued A and D ordinary shares of Mviva, for a total consideration of £2,772,000 satisfied by the issue to AOL of 3,300,000 CPW ordinary shares of 0.1p each.
During the last financial year, CPW has reorganised its data services operation to align it more closely with its distribution business. The acquisition of the minority interest in Mviva completes this restructuring. CPW will continue to enjoy a strong ongoing commercial relationship with AOL.
Roger Taylor 020 8753 8200
Tristia Clarke 0845 604 1207