e424b3
 

Filed Pursuant to Rule 424(b)(3)
File Number 333-123228
PROSPECTUS SUPPLEMENT NO. 3
to Prospectus declared
effective on June 12, 2006
(Registration No. 333-123228)
SPARK NETWORKS PLC
This Prospectus Supplement No. 3 supplements our Prospectus dated June 12, 2006 and Prospectus Supplements Nos. 1 and 2 (collectively referred to as, the “Prospectus Supplements”) dated June 20 and July 10, 2006, respectively. The selling shareholders identified in the Prospectus are offering ordinary shares in the form of American Depositary Shares, or ADSs. Each ADS represents the right to receive one ordinary share. We will not receive any proceeds from the sale of the shares by the selling shareholders, except for funds received from the exercise of warrants and options held by selling shareholders, if and when exercised.
You should read this Prospectus Supplement No. 3 together with the Prospectus and Prospectus Supplements.
This Prospectus Supplement No. 3 includes:
    certain information from a press release issued on August 3, 2006 announcing our second quarter 2006 financial results; and
    the attached Current Report on Form 8-K of Spark Networks plc as filed with the Securities and Exchange Commission on August 1, 2006.
Our ADSs are listed on the American Stock Exchange under the trading symbol “LOV.”
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus Supplement No. 3 is August 4, 2006

 


 

SPARK NETWORKS® REPORTS SECOND QUARTER 2006 FINANCIAL RESULTS
BEVERLY HILLS, Calif., August 3, 2006 — Spark Networks plc (AMEX: LOV), a leading provider of online personals services, today reported second quarter 2006 financial results.
Second Quarter and Six Month Highlights
  Other Businesses Segment revenue grows by 118%.
    The Company rebranded and launched its African American online personals community, BlackSingles.com®.
 
    Relationships.com™ continued its solid growth during the quarter.
 
    The Company acquired LDSSingles, solidifying the Company’s leadership position in the LDS market.
 
    The Company increased marketing efforts for other key websites in its Other Businesses segment.
  Onsite advertising launches on select websites.
    During the quarter, the company selected Winstar Interactive Media Services to help support the sale of online advertising for certain Spark communities, including its two largest websites: JDate® and AmericanSingles®.
 
    The Company reported that it recently published paid ads on JDate, Date.ca® and AmericanSingles.
  Traffic to Spark Networks properties increased 35% from May to June, to 3.7 million visitors, ranking it 4th on the top-gaining property list, according to comScore Media Metrix’s Inside the Ratings report June 2006.
    Peter Daboll, CEO of comScore Media Metrix, stated in a recent comScore press release2 that sites offering opportunities for social interaction continue to dominate the ratings.
Financial Results
Reported revenue for the second quarter of 2006 was $17.3 million, an increase of 12% compared to $15.5 million for the same period in 2005. Revenue for the six months ended June 30, 2006 was $34.1 million, an increase of 7% compared to $32.0 million for the six months ended June 30, 2005.
Total operating expenses for the second quarter of 2006 were $10.3 million, an increase of 2%, compared to $10.1 million in the same period in 2005. Included in the operating expenses for the second quarter of 2006 was a share-based compensation expense of approximately $1.1 million as a result of the Company’s adoption of the Statement of Financial Accounting Standards No. 123 (R) (“SFAS 123 (R)”) in the third quarter of 2005. Periods prior to the third quarter of 2005 do not contain any expense for share options in accordance with SFAS 123(R). Operating expenses for the six months ended June 30, 2006 were $20.5 million, an increase of 6% compared to $19.4 million for the six months ended June 30, 2005. Even including operating

 


 

expenses related to its MingleMatch subsidiary, which the Company acquired in the second quarter of 2005, total operating expenses would have decreased 7% to $18.1 million for the six months ended June 30, 2006 excluding the effects of SFAS 123 (R).
The Company reported net income of $327,000, or $0.01 per share, for the second quarter of 2006, compared to a net loss of $859,000, or $(0.03) per share, for the same period in 2005. Due to the Company’s implementation of SFAS 123 (R), the net income for the quarter ended June 30, 2006 includes compensation expense related to share options of $1.1 million. Excluding share-based compensation, the Company would have reported a profit of $1.4 million, or $0.05 per share3, for the quarter. Net income for the six months ended June 30, 2006 was $1.0 million, or $0.03 per share, compared to $1.1 million, or $0.04 per share, for the same period in 2005. Excluding share-based compensation, the Company would have reported net income of $3.5 million or $0.11 per share, for the six months ended June 30, 2006.
EBITDAS for the second quarter of 2006 was $2.6 million, an increase of 927% compared to EBITDAS of $253,000 during the same period in 2005. EBITDAS for the six months ended June 30, 2006 was $6.0 million, an increase of 80% compared to EBITDAS of $3.3 million during the same period in 2005. See the attached Consolidated Statement of Operations for a reconciliation of EBITDA and EBITDAS to net income.
Balance Sheet, Cash, Debt
As of June 30, 2006, the Company had a cash and marketable securities position of $11.5 million compared to $17.3 million at December 31, 2005. During the first six months of 2006, the Company paid the final $9.0 million in debt due as a result of the MingleMatch acquisition, as well as $2.0 million in respect to the acquisition of LDSSingles. Cash flow from operations during the first half of 2006 was $5.8 million, an increase of 346% compared to cash flow from operations of $1.3 million in the first half of 2005. The increased operating cash flow was driven by increased revenue combined with a reduction in operating costs, excluding stock compensation. As of June 30, 2006, the Company had accumulated over $50.0 million of NOLs.
Segment Reporting4
The Company reported second quarter 2006 revenue for its JDate segment of $7.0 million, an increase of 13% compared to $6.2 million in the same period in 2005. JDate revenue for the six months ended June 30, 2006 was $14.0 million, an increase of 10% compared to $12.7 million for the six months ended June 30, 2005.
The Company reported second quarter 2006 revenue for its AmericanSingles segment of $6.0 million, a decrease of 17% compared to $7.3 million in the same period in 2005. AmericanSingles revenue for the six months ended June 30, 2006 was $12.3 million, a decrease of 20% compared to $15.4 million for the six months ended June 30, 2005. The decrease in revenue is the result of the planned reduction in the marketing spend for AmericanSingles in order to bring its subscriber acquisition cost (SAC) to a level generating acceptable contribution margin.

 


 

The Company reported second quarter 2006 revenue for its Other Businesses segment of $4.3 million, an increase of 118% compared to $2.0 million in the same period in 2005. Results for the Other Businesses revenue for the second quarter of 2006 include the acquisition of LDSSingles.com, which was effective May 5, 2006. Other Businesses revenue for the six months ended June 30, 2006 was $7.8 million, an increase of 100% compared to $3.9 million for the six months ended June 30, 2005.
Business Metrics
Effective with this quarter’s earnings release, the Company has changed the method it uses to calculate the total number of paying subscribers at any given point in time. The change is being made to more accurately reflect the timing of termination of subscriptions for subscribers who do not maintain their subscription privileges for the duration of their original subscription terms.
For comparison purposes, the Company has revised its key operating metrics for each quarter, going back through 2005 using the improved subscription count methodology. See the attached table for the historical comparative operating metrics.
Average paying subscribers for the Company’s JDate segment were 75,100 during the second quarter of 2006, an increase of 12% compared to 67,100 from the same period in 2005. Average paying subscribers for the six months ended June 30, 2006 were 75,200, an increase of 10% compared to 68,400 for the six months ended June 30, 2005.
Average paying subscribers for the Company’s AmericanSingles segment were 90,000 during the second quarter of 2006, a decrease of 16% compared to 107,000 from the same period in 2005. Average paying subscribers for the six months ended June 30, 2006 were 90,200, a decrease of 21% compared to 113,600 for the six months ended June 30, 2005.
Average paying subscribers for the Company’s Other Businesses segment were 74,300 during the second quarter of 2006, an increase of 118% compared to 34,100 from the same period in 2005. Average paying subscribers for the six months ended June 30, 2006 were 69,600, an increase of 116% compared to 32,200 for the six months ended June 30, 2005.
Average paying subscribers for the Company as a whole in the second quarter of 2006 were approximately 239,400, an increase of 15% compared to 208,100 from the same period in 2005. Average paying subscribers for the six months ended June 30, 2006 were 235,000, an increase of 10% compared to 214,000 for the six months ended June 30, 2005.
Direct subscriber acquisition cost5 (SAC) for the Company’s JDate segment in the second quarter of 2006 was $14.93, an increase of 8% compared to $13.82 from the same period in 2005. SAC for the six months ended June 30, 2006 was $14.06, an increase of 24% compared to $11.30 in the six months ended June 30, 2005. The increase in JDate SAC is due to increased marketing expenditures, particularly offline, in order to build and maintain the strong JDate brand.

 


 

SAC for the Company’s AmericanSingles segment in the second quarter of 2006 was $39.46, a decrease of 4% compared to $41.30 in the same period in 2005. SAC for the six months ended June 30, 2006 was $37.32, an increase of 14% compared to $32.68 for the six months ended June 30, 2006. The decrease in SAC for the second quarter of 2006 was as a result of the reduction in marketing spend for AmericanSingles. The increase in SAC for AmericanSingles for the six months ended June, 30, 2006 is the result of significant cuts in marketing spending in the first quarter of 2005 compared to the last half of 2004. The carry-over effect in the first quarter of 2005 of increased subscriptions from previous marketing, combined with reduced marketing expense, made for an atypically low SAC in the first quarter of 2005, when compared to the first quarter of 2006.
SAC for the Company’s Other Businesses segment in the second quarter of 2006 was $44.88, an increase of 47% compared to $30.44 from the same period in 2005. The increase in SAC for the quarter is primarily attributable to increased marketing initiatives related to the launches of Relationships.com and BlackSingles.com. SAC for the six months ended June 30, 2006 was $34.78, a decrease of 7% compared to $37.52 for the six months ended June 30, 2005.
SAC for the Company as a whole in the second quarter of 2006 was $34.45, an increase of 8% compared to $31.93 from the same period last year. SAC for the six months ended June 30, 2006 was $30.28, an increase of 9% compared to $27.70 for the six months ended June 30, 2005.
Safe Harbor Statement:
This press release contains forward-looking statements. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words, such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially, including, but not limited to our ability to: attract members; convert members into paying subscribers and retain our paying subscribers; keep pace with rapid technological changes; maintain the strength of our existing brands; and maintain and enhance those brands and our dependence upon the telecommunications infrastructure and our networking hardware and software infrastructure. For a discussion of these and further risks and uncertainties, please see our filings with the Securities and Exchange Commission. We file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information that we file at the SEC’s public reference room at 100 F Street, N.E., Washington, D.C., 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. Our public filings with the SEC also are available from commercial document retrieval services and at the web site maintained by the SEC at http://www.sec.gov.

 


 

About Spark Networks plc:
Spark Networks’ American Depositary Shares trade on the American Stock Exchange under the symbol “LOV,” and its Global Depositary Shares trade on the Frankfurt Stock Exchange under the symbol “MHJG.” The Spark Networks portfolio of consumer websites includes, among others, JDate.com (www.jdate.com), AmericanSingles.com (www.americansingles.com), BlackSingles.com (www.blacksingles.com), PrimeSingles™.net (www.primesingles.net), BBWPersonalsPlus™.com (www.bbwpersonalsplus.com) and Relationships.com (www.relationships.com).
1 “EBITDAS” is defined as earnings before interest, taxes, depreciation, amortization and share-based compensation. EBITDAS should not be construed as a substitute for net income (loss) or net cash provided by (used in) operating activities (all as determined in accordance with GAAP) for the purpose of analyzing our operating performance, financial position and cash flows, as EBITDAS is not defined by GAAP. However, the Company regards EBITDAS as a complement to net income and other GAAP financial performance measures, including an indirect measure of operating cash flow. As such, management believes that the investment community finds it to be a useful tool to perform meaningful comparisons of past, present and future operating results and as a means to evaluate the results of core on-going operations.
2 Quote taken from comScore Press Release “Official FIFA World Cup Web Site Attracts Millions of Viewers and Billions of Page Views from Around the World in June”, July 13, 2006.
3 Share-based compensation is a non-cash charge recorded in the Company’s income statements. The Company believes that the non-GAAP financial measures that exclude share-based compensation from net income (loss) provide useful information to management and investors regarding how the expenses associated with the application of SFAS 123 (R) are reflected on the statements of operations and facilitate comparisons to the Company’s historical operating results. The Company’s management uses this information internally for reviewing the financial results, forecasting and budgeting.
4 In accordance with Financial Accounting Standard No. 131, the Company’s financial reporting includes detailed data on three separate operating segments. The JDate segment consists of the Company’s JDate.com website and its co-branded websites. The AmericanSingles segment consists of the Company’s AmericanSingles.com website and its co-branded and private label websites. The Other Businesses segment consists of all of the Company’s other websites and businesses.
5 Direct subscriber acquisition cost is defined as total direct marketing costs divided by the number of new paying subscribers during the period. This represents the average cost of acquiring a new paying subscriber during the period.
(Consolidated financial statements to follow)

 


 

SPARK NETWORKS PLC
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
                 
    June 30,     December 31,  
    2006     2005  
    (unaudited)          
Assets
               
Current assets:
               
Cash and cash equivalents
  $ 11,291     $ 17,096  
Marketable securities
    192       196  
Restricted cash
    1,952       1,085  
Accounts receivable, net of allowance of $0 and $13 for June 30, 2006 and December 31, 2005
    955       932  
Prepaid expenses and other
    896       1,493  
 
           
Total current assets
    15,286       20,802  
Property and equipment, net
    3,588       4,453  
Goodwill, net
    18,770       17,344  
Intangible assets, net
    5,264       4,627  
Investment in noncontrolled affiliate
    1,078       1,099  
Deposits and other assets
    326       295  
 
           
Total assets
  $ 44,312     $ 48,620  
 
           
 
               
Liabilities and Shareholders’ Equity
               
Current liabilities:
               
Accounts payable
  $ 1,816     $ 2,267  
Accrued liabilities
    4,662       3,632  
Deferred revenue
    4,783       4,991  
Notes payable — current portion
    963       9,930  
Current portion of obligations under capital leases
    45        
 
           
Total current liabilities
    12,269       20,820  
Deferred tax liabilities
    1,663       1,717  
Notes payable — long term
    900       900  
Obligations under capital leases
    77        
 
           
Total liabilities
    14,909       23,437  
Shares subject to rescission
    6,347       6,089  
Commitments and contingencies
           
Shareholders’ equity:
               
Authorized capital £800,000 divided into 80,000,000 ordinary shares of 1p each; issued and outstanding 30,424,346 shares as of June 30, 2006 and 30,241,496 shares as of December 31, 2005, at a stated value of:
    495       487  
Additional paid-in-capital
    66,662       64,064  
Accumulated other comprehensive (loss)
    (66 )     (302 )
Notes receivable from employees
          (82 )
Accumulated deficit
    (44,035 )     (45,073 )
 
           
Total shareholders’ equity
    23,056       19,094  
 
           
Total liabilities and shareholders’ equity
  $ 44,312     $ 48,620  
 
           

 


 

SPARK NETWORKS PLC
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in thousands, except per share data)
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2006     2005     2006     2005  
Net revenues
  $ 17,305     $ 15,464     $ 34,110     $ 31,990  
Direct marketing expenses
    6,790       6,051       12,447       11,279  
 
                       
Contribution margin
    10,515       9,413       21,663       20,711  
 
                               
Operating expenses:
                               
Indirect marketing (including share-based compensation of $13, $0, $26, and $0)
    257       238       622       503  
Customer service (including share-based compensation of $24, $0, $47, and $0)
    898       560       1,806       1,137  
Technical operations(including share-based compensation of $202, $0, $376, and $0)
    2,207       1,548       4,437       2,950  
Product development(including share-based compensation of $121, $0, $239, and $0)
    967       1,060       1,813       1,890  
General and administrative (including share-based compensation of $701, $(115), $1,744, and $(28)
    5,645       6,405       11,276       12,512  
Amortization of intangible assets other than goodwill
    355       301       594       383  
 
                       
 
                               
Total operating expenses
    10,329       10,112       20,548       19,375  
 
                       
 
                               
Operating income (loss)
    186       (699 )     1,115       1,336  
 
                               
Interest (income), loss and other expenses, net
    (133 )     168       (94 )     144  
 
                       
 
                               
Income (loss) before income taxes
    319       (867 )     1,209       1,192  
 
                               
Provision (benefit) for income taxes
    (8 )     (8 )     171       64  
 
                       
 
                               
Net income (loss)
  $ 327     $ (859 )   $ 1,038     $ 1,128  
 
                       
 
                               
Net income (loss) per share — basic
  $ 0.01     $ (0.03 )   $ 0.03     $ 0.04  
 
                       
Net income (loss) per share — diluted
  $ 0.01     $ (0.03 )   $ 0.03     $ 0.04  
 
                       
Weighted average shares outstanding — basic
    30,359       25,661       30,313       25,389  
Weighted average shares outstanding — diluted
    30,875       25,661       31,024       29,080  
 
Reconciliation of Net Income to EBITDAS
                               
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2006     2005     2006     2005  
Net income (loss)
  $ 327     $ (859 )   $ 1,038     $ 1,128  
Interest
    40       13       110       (8 )
Taxes
    (8 )     (8 )     171       64  
Depreciation
    802       921       1,653       1,768  
Amortization
    355       301       594       411  
 
                       
EBITDA
    1,516       368       3,566       3,363  
Share based compensation
    1,061       (115 )     2,432       (28 )
 
                       
EBITDAS
  $ 2,577     $ 253     $ 5,998     $ 3,335  

 


 

SPARK NETWORKS PLC
SEGMENT RESULTS FROM OPERATIONS
                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
(in thousands)   2006     2005     2006     2005  
Revenues
                               
JDate
  $ 6,988     $ 6,235     $ 13,984     $ 12,703  
AmericanSingles
    6,006       7,256       12,349       15,353  
Other Businesses
    4,311       1,973       7,777       3,934  
 
                       
Total
  $ 17,305     $ 15,464     $ 34,110     $ 31,990  
 
                       
 
                               
Direct Marketing
                               
JDate
  $ 824     $ 705     $ 1,620     $ 1,208  
AmericanSingles
    2,934       4,312       6,294       7,570  
Other Businesses
    3,032       1,034       4,533       2,501  
 
                       
Total
  $ 6,790     $ 6,051     $ 12,447     $ 11,279  
 
                       
 
                               
Contribution
                               
JDate
  $ 6,164     $ 5,530     $ 12,364     $ 11,495  
AmericanSingles
    3,072       2,944       6,055       7,783  
Other Businesses
    1,279       939       3,244       1,433  
 
                       
Total
  $ 10,515     $ 9,413     $ 21,663     $ 20,711  
 
                       
 
                               
Unallocated operating expenses
    10,329       10,112       20,548       19,375  
 
                       
Operating income
  $ 186     $ (699 )   $ 1,115     $ 1,336  
 
                       

 


 

SPARK NETWORKS PLC
SEGMENT METRICS
(For the Period)
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2006     2005     2006     2005  
Average Paying Subscribers:
                               
JDate
    75,089       67,147       75,202       68,413  
AmericanSingles
    89,980       106,925       90,151       113,554  
Other Businesses
    74,296       34,060       69,649       32,233  
 
                       
Total
    239,365       208,132       235,002       214,202  
 
                               
Average Monthly Net Revenue per Paying Subscriber:
                               
JDate
  $ 31.02     $ 30.95     $ 30.99     $ 30.95  
AmericanSingles
  $ 22.25     $ 22.62     $ 22.83     $ 22.53  
Other Businesses
  $ 16.73     $ 18.73     $ 17.26     $ 18.61  
All Segments
  $ 24.10     $ 23.12     $ 24.19     $ 24.63  
 
                               
Direct Subscriber Acquisition Cost:
                               
JDate
  $ 14.93     $ 13.82     $ 14.06     $ 11.30  
AmericanSingles
  $ 39.46     $ 41.30     $ 37.32     $ 32.68  
Other Businesses
  $ 44.88     $ 30.44     $ 34.78     $ 37.52  
All Segments
  $ 34.45     $ 31.93     $ 30.28     $ 27.70  
 
                               
Monthly Subscriber Churn:
                               
JDate
    24.7 %     26.9 %     25.3 %     26.2 %
AmericanSingles
    30.7 %     38.7 %     32.1 %     36.8 %
Other Businesses
    24.0 %     19.8 %     25.8 %     23.6 %
All Segments
    26.7 %     31.8 %     28.1 %     31.2 %
We define our key business metrics as follows:
    Average paying subscribers: Paying subscribers are defined as individuals who have paid a monthly fee for access to communication and website features beyond those provided to our members. Average paying subscribers for each month are calculated as the sum of the paying subscribers at the beginning and end of the month, divided by two. Average paying subscribers for periods longer than one month are calculated as the sum of the average paying subscribers for each month, divided by the number of months in such period.
 
    Average monthly net revenue per paying subscriber: Average monthly net revenue per paying subscriber represents the total net subscriber revenue for the period divided by the number of average paying subscribers for the period, divided by the number of months in the period.
 
    Direct subscriber acquisition cost: Direct subscriber acquisition cost is defined as total direct marketing costs divided by the number of new paying subscribers during the period. This represents the average cost of acquiring a new paying subscriber during the period.
 
    Monthly subscriber churn: Monthly subscriber churn represents the ratio, expressed as a percentage, of (i) the number of paying subscriber cancellations during the period divided by the number of average paying subscribers during the period and (ii) the number of months in the period.

 


 

As described above, below is a table representing historical comparative operating metrics.
                                                         
                                    Full              
    Mar 31,     Jun 30,     Sep 30,     Dec 31,     Year     Mar 31,     Jun 30,  
    2005     2005     2005     2005     2005     2006     2006  
Average Paying Subscribers
                                                   
JDate
    69,680       67,147       68,403       71,967       69,299       75,316       75,089  
AmericanSingles
    120,184       106,925       95,877       88,669       102,914       90,323       89,980  
Other
    30,408       34,060       49,213       56,640       42,580       65,002       74,296  
     
Total
    220,272       208,132       213,493       217,276       214,793       230,641       239,365  
 
                                                       
Average Monthly Net Revenue per Paying Subscriber
                                                       
JDate
  $ 30.94     $ 30.95     $ 31.47     $ 31.50     $ 31.22     $ 30.96     $ 31.02  
AmericanSingles
  $ 22.46     $ 22.62     $ 24.93     $ 25.15     $ 23.66     $ 23.41     $ 22.25  
Other
  $ 18.46     $ 18.73     $ 17.89     $ 18.21     $ 18.27     $ 17.78     $ 16.73  
     
Total
  $ 24.59     $ 24.67     $ 25.40     $ 25.45     $ 25.03     $ 24.29     $ 24.10  
 
                                                       
Direct Subscriber Acquisition Cost
                                                   
JDate
  $ 9.01     $ 13.82     $ 15.84     $ 12.25     $ 12.70     $ 13.20     $ 14.93  
AmericanSingles
  $ 25.61     $ 41.30     $ 39.35     $ 36.66     $ 35.16     $ 35.19     $ 39.46  
Other
  $ 46.98     $ 30.44     $ 28.08     $ 29.72     $ 32.05     $ 24.68     $ 44.88  
     
Total
  $ 23.84     $ 31.93     $ 30.23     $ 27.77     $ 28.36     $ 26.11     $ 34.45  
 
                                                       
Monthly Subscriber Churn
                                                       
JDate
    26.7 %     26.9 %     26.4 %     27.0 %     26.8 %     25.9 %     24.7 %
AmericanSingles
    36.7 %     38.7 %     37.7 %     38.1 %     37.8 %     33.5 %     30.7 %
Other
    29.1 %     19.8 %     30.2 %     27.5 %     27.0 %     27.7 %     24.0 %
     
Total
    32.5 %     31.8 %     32.4 %     31.7 %     32.1 %     29.4 %     26.7 %

 


 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 31, 2006
Spark Networks plc
(Exact Name of Registrant as Specified in Its Charter)
England and Wales
(State or Other Jurisdiction of Incorporation)
     
000-51195
(Commission File Number)
  98-0200628
(IRS Employer Identification No.)
     
8383 Wilshire Boulevard, Suite 800, Beverly Hills, California
(Address of Principal Executive Offices)
90211
(Zip Code)
(323) 836-3000
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
     
o
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
   
o
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
   
o
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
   
o
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On July 31, 2006, Joe Y. Shapira resigned as a Director and Chairman of the Board of Directors of Spark Networks plc effective immediately.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  SPARK NETWORKS PLC
 
 
Date: August 1, 2006  By:   /s/ Mark G. Thompson    
    Name:   Mark G. Thompson   
    Title:   Chief Financial Officer