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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 |
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 REGFSFSWWSWSEDE
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