Posting of Circular & Cancellation of Admission

    RNS Number : 7163W
  Cyberview Tech Inc
  13 June 2008
   


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA OR JAPAN
 

    13 June 2008

    CYBERVIEW TECHNOLOGY, INC. ("Cyberview" or the "Company")
    POSTING OF CIRCULAR
    AND
    CANCELLATION OF ADMISSION


    Any capitalised term used but not defined in this announcement is as defined in the Circular (as defined below).


    Posting of Circular

    The circular to Cyberview Shareholders relating to the recommended proposal for the sale of business and operations and licence of
certain intellectual property to IGT, the proposed liquidation and dissolution of the Company, the proposed change of name, the proposed
cancellation of admission to trading on AIM, and notice of the Cyberview EGM, is today being posted to all Cyberview Shareholders (the
"Circular"). The Circular also contains a timetable of principal events and details of the action to be taken by Cyberview Shareholders.


    Cyberview EGM

    As described in the Circular, the Transaction, the Plan of Liquidation (including dissolution) and the proposed Change of Name will only
become effective if, inter alia, Cyberview Shareholders holding a majority of the Cyberview Shares issued and outstanding on the Record Date
and entitled to vote thereon approve such matters to be proposed at the Cyberview EGM. Delisting will only become effective if, inter alia,
at least 75 per cent. of the votes cast by Cyberview Shareholders entitled to vote at the Cyberview EGM approve the resolution proposed in
respect of such matter. Approval of the Transaction and the Transaction Agreement is not dependent upon the approval of the other
proposals.

    The Cyberview EGM will be held at The Sir Hans Sloane Suite, The Sloane Square, Sloane Square, London SW1W 8EG at 11.00 a.m. on Friday 4
July 2008. Copies of (amongst other documents) the Circular are available for inspection by Cyberview Shareholders during normal business
hours on any Business Day at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA up to and including
the date of the Cyberview EGM.  In addition a copy of the Circular will be available on the Company's website at http://www.cybview.com.


    Cancellation of Admission

    Application is expected to be made to the London Stock Exchange for the cancellation of the admission to trading on AIM of the Cyberview
Shares at 7.00 a.m. on 14 July 2008 and therefore the last day of dealings in Cyberview Shares is expected to be 11 July 2008.  The notice
period of not less than 20 business days prior to the intended cancellation referred to in Rule 41 of the AIM Rules has therefore commenced
today.


    Expected Timetable of Principal Events

    
 Record Date for Cyberview Shareholders      Close of business on 12 June 2008
 Latest time for lodging a Form of Proxy    11.00 a.m.on Wednesday 2 July 2008
 Cyberview EGM                                 11.00 a.m.on Friday 4 July 2008
 Expected date of Completion                    5.00p.m.on Tuesday 8 July 2008
 Expected last date of dealing in                4.30 p.m. Friday 11 July 2008
 Cyberview Shares
 Expected Filing Date and Final Record         5.00 p.m.on Friday 11 July 2008
 Date
 Expected Delisting of Cyberview Shares        7.00 a.m.on Monday 14 July 2008
 Expected date of commencement of First                   Tuesday 15 July 2008
 Distribution




    All times are references to London time.
                    

    ENQUIRIES

 Cyberview Technology, Inc.
 Seamus McGill, Chief Executive   Tel.    [phone]
 Mark Nanovich, Finance Director  Tel.    [phone]


 Arbuthnot Securities Limited     Tel.     [phone]
 Financial Adviser and Nominated
 Adviser to Cyberview
 James Steel / Paul Vanstone  

 Hogarth Partnership              Tel.    [phone]
 Public Relations to Cyberview
 Fiona Noblet


    Arbuthnot Securities Limited, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting as
nominated adviser and broker to Cyberview for the purpose of the AIM Rules for Companies and financial adviser to the Company in respect of
the Transaction and not for any other person in connection with the Transaction and will not be responsible to anyone other than Cyberview
for providing the protections afforded to clients of Arbuthnot Securities Limited or for giving advice in relation to the Transaction or in
relation to the contents of this announcement or any of the matters referred to herein.

    This announcement does not constitute a prospectus relating to Cyberview and has not been approved by the UK Listing Authority, nor does
it constitute or form any part of any offer or invitation to purchase, sell or subscribe for, or any solicitation of any such offer to
purchase, sell or subscribe for, any securities in Cyberview under any circumstances. Cyberview Shareholders are advised to read carefully
the formal documentation in relation to the Transaction. Copies of this announcement are not being and must not be mailed or otherwise
distributed or sent in or into or from Canada, Australia or Japan or to, or for the account or benefit of, any Canadian, Australian or
Japanese person and any person receiving this announcement (including, without limitation, custodians, nominees and trustees) must not
distribute or send it, in whole or in part, in or into or from Canada, Australia or Japan or any other jurisdiction if to do so would
constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction.

    Forward-looking statements

    Certain statements contained in this announcement constitute "forward-looking statements". In some cases, these forward-looking
statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "prepares",
"anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable
terminology. Investors should specifically consider the factors identified in this announcement which could cause actual results to differ
before making an investment decision. Such forward-looking statements involve known and unknown risks, uncertainties and other factors,
which may cause the actual results, performance or achievements of the Cyberview Group, or industry results, to be materially different from
any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are
based on numerous assumptions regarding the Cyberview Group's present and future business strategies and the environment in which the companies will operate in the future. These forward-looking statements
speak only as at the date of the announcement.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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