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NVU Invu

29.50
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Invu LSE:NVU London Ordinary Share COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Result of EGM

07/12/2007 7:36am

UK Regulatory


RNS Number:4179J
INVU, Inc.
07 December 2007

Invu, Inc.


7.00 a.m.

7 December 2007


                           Result of Special Meeting


Invu, Inc. (the "Company") announces that at its adjourned Special Meeting
validly held at 4.15pm on Thursday 6 December 2007 all resolutions proposed were
duly passed. The resolutions approved, inter alia, steps in the capital
reorganisation of the Invu group ("Reorganisation").


Following the passing of the resolutions, the admission to trading on AIM of
Invu, Inc.'s common shares will be cancelled with effect from 8.00am today, 7
December 2007. Application has been made for 98,930,399 ordinary shares of 1
pence each in Invu plc (which is the new holding company of the Company) to be
admitted to trading on AIM, which is also expected to become effective at 8.00
a.m. today, 7 December 2007.


As part of the Reorganisation, Invu, Inc. shareholders are required to have
notified to the Company in the prescribed Form of Representation their status as
either US or non-US persons for regulatory purposes. Following receipt of such
notification either cash consideration of $0.532 or share consideration of one
Invu plc ordinary share will be issued (as appropriate) for every existing Invu,
Inc. common share held.


Until such time as they each return a validly executed Form of Representation in
the prescribed form, and are then allotted and issued shares in Invu Plc as
consideration, holders of common shares in the Company who are non-US persons
will be unable to vote on matters relating to Invu plc nor will they be able to
deal in Invu plc's ordinary shares. Shareholders in the Company who have not yet
returned a Form of Representation are advised to do so at the earliest
opportunity.


In the event that Invu, Inc. shareholders have not submitted such notification
to the Company by 31 March 2008, they will forfeit their right to receive Invu
plc ordinary shares in consideration for their existing Invu, Inc. common shares
and after such time will be entitled to cash consideration only of $0.532 per
Invu, Inc. common share held.

At 8.00 a.m. on 7 December 2007, Invu plc's ordinary shares are expected to
commence trading on AIM under the symbol INVU.


ENQUIRIES:


Invu, Inc.                             + 44 (0) 1608 859 893

David Morgan CEO

John Agostini CFO


Arbuthnot Securities Limited           + 44 (0) 207 012 2000

Tom Griffiths / Guy Blakeney


Financial Dynamics                     + 44 (0) 207 831 3113

Juliet Clarke



Arbuthnot, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting as nominated adviser and broker to the
Company and to Invu plc in relation to its admission to AIM and will not be
responsible to any person other than the Company or Invu plc for providing the
protections afforded to its customers or for advising any other person on the
contents of this announcement or any transaction or arrangement referred to
herein. The responsibility of Arbuthnot as the Company's nominated adviser and
broker under the AIM Rules is owed solely to London Stock Exchange and is not
owed to the Company or to Invu plc or to any Director or Shareholder of either
the Company or Invu plc. Arbuthnot is not making any representation or warranty,
express or implied, as to the contents of this announcement.


This announcement does not constitute an offer to sell, or the solicitation of
an offer to buy, shares in any jurisdiction in which such offer or solicitation
is unlawful and, in particular, is not for distribution without the consent of
the Company into the United States, Canada, Australia, South Africa or Japan or
to any national, resident or citizen of the United States, Canada, Australia,
South Africa or Japan. The ordinary shares of Invu plc have not been and will
not be registered under the applicable securities laws of the United States,
Canada, Australia, South Africa or Japan and the Ordinary Shares may not be
offered or sold directly or indirectly within the United States, Canada,
Australia, South Africa or Japan or to, or for the account or benefit of, US
persons or any national, resident or citizen of the United States, Canada,
Australia, South Africa or Japan. The distribution of this announcement in other
jurisdictions may be restricted by law and therefore persons into whose
possession this announcement comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities law of any such jurisdictions.

END



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

END

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