Empire reassures markets on sharp share price drop

British publisher Empire Interactive has moved to reassure the markets that all is still well at the company after its share price plummeted by over 60 per cent in today's trading on the London Stock Exchange.

Shares in the firm were trading at 6.625 pence at the time of writing, down 25.35 per cent for the day, after recovering from an earlier low of 4.375 pence - a fall of over 60 per cent over the closing price, and a 52 week low for the firm.

A brief statement issued by the firm this afternoon claims that the price movement is down to a single major shareholder selling its holding, and is not a reflection of any problems with the company's forthcoming results.

Empire is currently in the process of preparing its results for the financial and calendar year which ended on December 31st, and expects to announce results in line with market expectations, subject to manufacturer approval being received for one of its North American titles.