Schedule 1 - Invu plc

RNS Number:4911H
AIM
12 November 2007




    ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR
                                                COMPANIES ("AIM RULES")

COMPANY NAME:


Invu plc


COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):
Registered Office and principal place of business following admission:  The Beren, Blisworth Hill Farm, Stoke Road,
Blisworth, Northamptonshire, NN7 3BD


COUNTRY OF INCORPORATION:


UK


COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.invu.net


COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTING STRATEGY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:


The Group's business is the development and sale of document and information management software programmes that
operate on stand-alone PCs, networked PCs and client server systems. The software allows documents of any size and
format, from correspondence and faxes to technical drawings and electronic files, to be stored on computer memory and
retrieved instantly. To store such information, Invu software also scans paper and creates files and imports documents.
The software also provides a mechanism to manage and retrieve the imported and filed information.

The Group continues to target its sales and marketing efforts on several easily identifiable and proven market
channels, namely value added resellers ("VARs"), strategic alliances with established information technology companies
and distributors. The Group's principal geographic markets are the UK and the Netherlands, and the Group intends to
continue to develop these markets whilst cautiously expanding into other territories.


The Group's objective is to establish itself as a leading global supplier of information and document management
software and services. The Directors believe that as the market matures, the purchase of document management systems
will become increasingly routine as buyers become acquainted with the available technology and applications and their
benefits. In order to deal with the increased demand, the Company continues to improve the quality of its third party
VARs. Branding and product positioning are both fundamental to attaining the market share required to profitably
achieve the Group's objective of being a leading supplier of information and document management software. The Group
will continue to assess its target markets with a view to expanding its business beyond the UK and the Netherlands into
Europe and the USA. The Directors intend to use the Netherlands as a platform for entering the wider continental
European market, in particular English speaking Scandinavian countries, by adopting similar VAR strategies to those
employed in the UK and the Netherlands and using distributors where appropriate. The Directors believe that the US
market has significant potential for the Group in due course and intend to commence an effective channel to that
market.




DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known,
number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held
as treasury shares):


Up to 115,508,904 ordinary shares of par value 1p each ("Ordinary Shares")


CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:


No capital to be raised on admission. Anticipated market capitalisation: #34.5m


PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:


Approximately 44.7 %


DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE
OR WILL BE ADMITTED OR TRADED:


None


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or
including any other name by which each is known):



Daniel Goldman (Non-Executive Chairman)
David Morgan (Chief Executive Officer)
John Charles Agostini (Chief Financial Officer)
Jonathan Victor Halestrap (Director of Sales & Marketing)
Thomas ("Tom") Patrick Maxfield (Non-Executive Director)
Bernard Fisher (Non-Executive Director)






FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND
AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):


As at Admission and in so far as is known to the Company, the following persons (other than the
Directors) will be, directly or indirectly, interested in three per cent. or more of the Company's
issued share capital:


Shareholder                                                        Number of      Percentage of current
                                                              Ordinary Shares     issued ordinary share
                                                                      held(1)            capital (%)(2)
Tyne & Wear Limited (3)                                            19,389,189                      17.0
Cayman National Nominees Limited (4)                               18,954,252                      16.8
Cynthia Goldman                                                     7,290,012                       6.4
BNY (OCS) Nominees Limited                                          5,350,000                       4.7

Notes:
1) These figures are based on shareholdings of record in Invu, Inc. as at close of business on 5
November 2007 and assume that such shareholder does not dispose of any Common Shares before Admission and that such 
shareholder returns a duly completed and valid Form of Representation on or before 4.15 p.m. on 3 December 2007.

2) Assuming the Company receives duly completed and valid Forms of Representation from all Existing
Invu Shareholders on or before 4.15 p.m. on 3 December 2007 and that no cash consideration is payable in accordance with
the terms of the Merger Agreement. Includes Ordinary Shares arising as a result of the exercise of options under the EMI
option scheme as more particularly described in paragraph 16 of Part I of this document.

3) Tyne and Wear Holdings Limited is ultimately wholly owned by a discretionary trust, the potential
beneficiaries of which include a number of specified charities and Cynthia Goldman.

4) Cayman National Nominees Limited is the nominee for Cayman National Bank and Trust Company (Isle of
Man) Limited, the trustee of an Isle of Man discretionary trust. David Morgan and Peter Fraser (an early investor in
the Group) are among the potential beneficiaries of the discretionary trust. The percentage of their beneficial interest
in the assets of the trust has not been determined.










NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
none


(i)      ANTICIPATED ACCOUNTING REFERENCE DATE
(ii)     DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED
(iii)    DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i)  31 January
(ii) 31 January 2007
iii) Next three results to be published on:

     a) Annual results for 12 months to 31 January 2008 by 31 July 2008
     b) Interim results for 6 months to 31 July 2008 by 31 January 2009
     c) Annual results for 12 months to 31 January 2009 by 31 July 2009


EXPECTED ADMISSION DATE:
6 December 2007




NAME AND ADDRESS OF NOMINATED ADVISER:

Arbuthnot Securities Limited
Arbuthnot House
20 Ropemaker Street
London,
EC2Y 9AR


NAME AND ADDRESS OF BROKER:


Arbuthnot Securities Limited
Arbuthnot House
20 Ropemaker Street
London,
EC2Y 9AR


OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL
BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS
SECURITIES:


Arbuthnot Securities Limited
Arbuthnot House
20 Ropemaker Street
London,
EC2Y 9AR


DATE OF NOTIFICATION:

12 November 2007


NEW/ UPDATE:


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