ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CWV Cms Webview

0.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cms Webview LSE:CWV London Ordinary Share GB0009580027 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

AGM Statement

28/06/2007 12:45pm

UK Regulatory


RNS Number:2144Z
CMS WebView PLC
28 June 2007


                                       
RNS Release

28 June 2007

                         AGM results and Company Update


At the Company's Annual General Meeting held earlier today, all the resolutions
were duly passed.

In my Chairman's Statement dated 23 May 2007, I advised shareholders that I
would make a further update of the Company's position at the AGM.

In my statement I reported that although sales meetings were still ongoing, the
board wished to stress that no new TDI sales had yet resulted despite positive
feedback from many of the meetings indicating that the new sales model might
have the potential to deliver future revenues, and that it would therefore be
sensible for CMS to verify this possibility by continuing to meet potential TDI
customers over the short term.

I also noted, however, that while TDI sales were being actively pursued, the
board also recognised that CMS's cash position required the consideration of
other corporate actions at the same time. Acting in the best interests of
shareholders, CMS directors were open to corporate deal opportunities with
companies that might find significant value in CMS's 'clean' balance sheet and
its proven TDI product or in realising the value of CMS's intellectual property
assets.

Subsequently, in a trading statement dated 19 June 2007, the Company reported that 
it had held discussions with a number of companies wishing to evaluate TDI, but 
that it was important to highlight that those discussions were at an early stage.

I now have to report that none of the discussions have progressed beyond an early
stage and that the Company, while solvent, now has limited financial resources 
at its disposal. The board has therefore taken professional advice and with 
considerable regret determined that it should recommend to shareholders that the 
solvent company be placed in Members Voluntary Liquidation (MVL). We will 
therefore be writing to shareholders within the next few days and will be 
convening an Extraordinary General Meeting to consider and, if thought fit, 
pass the necessary resolutions to implement the MVL. During the intervening 
period CMS will continue discussions with companies that might find value in the 
Company's proven TDI product.

Enquiries, please contact:

Bob Antell                          Neil Boom

CMS WebView plc                     Gresham PR Ltd.

020 7744 7722                       020 7404 9000


William Vandyk

Blue Oar Securities plc

020 7448 4400


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

END
AGMPUUCCQUPMGGR

1 Year CMS Webview Chart

1 Year CMS Webview Chart

1 Month CMS Webview Chart

1 Month CMS Webview Chart

Your Recent History

Delayed Upgrade Clock