Cryptologic Ltd (Other) (6-K)
November 13 2007 - 10:48AM
Edgar (US Regulatory)
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of
November 2007
Commission File Number
000-30224
CRYPTOLOGIC LIMITED
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(Translation of
registrants name into English)
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Alexandra House
The Sweepstakes
Ballsbridge
Dublin, 4
Ireland
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(Address of principal
executive offices)
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Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form 40-F
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
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Note:
Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely
to provide an attached annual report to security holders.
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Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
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Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K
if submitted to furnish a report or other document that the registrant foreign private
issuer must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrants home
country), or under the rules of the home country exchange on which the registrants
securities are traded, as long as the report or other document is not a press release, is
not required to be and has not been distributed to the registrants security
holders, and, if discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.
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Indicate by check mark whether by
furnishing the information contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act
of 1934.
If Yes is marked,
indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b) 82
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, thereunto duly authorized.
Date:
November 12, 2007
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/s/ Stephen Taylor
Stephen Taylor
Chief Financial Officer
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FOR IMMEDIATE RELEASE
Symbol: TSX: CRY, CXY; NASDAQ: CRYP; LSE: CRP
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CRYPTOLOGIC ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID
November 12, 2007 (Dublin, Ireland)
CryptoLogic Limited, a leading software developer to the global Internet gaming
industry, announced today that its Board of Directors has authorized the
companys renewal of its Normal Course Issuer Bid. Purchases under the bid
may commence on November 14, 2007 and will terminate on November 13, 2008.
CryptoLogics share purchase program authorizes the company to purchase up
to 1.28 million shares of the issued ordinary shares, representing approximately
10% of the public float. There are currently 12,811,165 ordinary shares issued
and outstanding. Purchases will be made on the open market through the
facilities of the Toronto Stock Exchange and at the market price at the time of
purchase. No more than 4,965 shares may be repurchased in any trading day. The
ordinary shares purchased by CryptoLogic during the course of the Normal Course
Issuer Bid will be cancelled. The directors of the Corporation initiated the bid
renewal as they believe the ordinary shares are undervalued within the context
of the market.
CryptoLogic did not make any purchases under its 2006/2007 bid.
About CryptoLogic
®
(www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a world-leading,
blue-chip public developer and supplier of Internet gaming software. Its
leadership in regulatory compliance makes it one of the very few companies with
gaming software that has been certified to strict standards similar to
land-based gaming.
WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for
the licensing of CryptoLogic software and services to customers who offer their
games around the world to non-U.S. based players. For information on
WagerLogic
®
, visit www.wagerlogic.com.
CryptoLogics ordinary shares trade on the Toronto Stock Exchange (CRY,
CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London
Stock Exchange (CRP).
###
For more information, please contact:
CryptoLogic, 353 (0) 1 631 9000
Stephen Taylor, Chief Financial Officer
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Argyle Rowland Communications, (416) 968-7311
(North American media only)
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Karen Passmore, ext. 228/ kpassmore@argylerowland.com
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Dan Tisch, ext. 223/dtisch@argylerowland.com
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Corfin Communications
(UK media only)
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Ben Hunt, +44 207 977 0020
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Neil Thapar, +44 207 977 0020
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Harry Chathli, +44 207 977 0020
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CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:
Statements in this press release, which are not historical are forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that all forward-looking
statements involve risks and uncertainties including, without limitation, risks
associated with the Companys financial condition and prospects, legal
risks associated with Internet gaming and risks of
governmental legislation and regulation, risks associated with market
acceptance and technological changes, risks associated with dependence on
licensees and key licensees, risks relating to international operations, risks
associated with competition and other risks detailed in the Companys
filings with securities regulatory authorities. These risks may cause results to
differ materially from those projected in the forward-looking
statements.
TEL (353)01 631 9000 FAX (353) 01 631 9001
ALEXANDRA HOUSE, THE SWEEPSTAKES, BALLSBRIDGE, DUBLIN 4,IRELAND
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