Offer Update
November 06 2006 - 4:29AM
UK Regulatory
RNS Number:5811L
Cardpoint PLC
06 November 2006
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
AMERICA, CANADA, AUSTRALIA OR JAPAN
6 November 2006
FOR IMMEDIATE RELEASE
Cardpoint plc ("Cardpoint" or the "Company")
Offer Update
On 6 October 2006, the Board of Cardpoint announced that it had received a
preliminary approach regarding a potential cash offer for the entire issued and
to be issued share capital of the Company of 100 pence per share. Today, the
Board announces that the approach has been rejected as it did not reflect fair
value in relation to current trading nor to the Board's expectation of future
trading.
The Company continues to trade in line with the Directors' expectations and the
Board remains confident in the Company's ability to deliver enhanced shareholder
value in the future.
Enquiries:
Cardpoint plc Telephone: 01253 361300
Bob Thian, Chairman
N M Rothschild & Sons Limited Telephone: 0161 827 3800
Richard Bailey
Andrew Thomas
The Directors of Cardpoint accept responsibility for the information contained
in this announcement. To the best of knowledge and belief of the Directors, who
have taken all reasonable care to ensure such is the case, the information
contained in this announcement is in accordance with the facts and does not omit
anything likely to affect the import of such information.
N M Rothschild & Sons Limited is acting for Cardpoint and no one else in
connection with this announcement and will not be responsible to anyone other
than Cardpoint for providing the protections afforded to clients of N M
Rothschild & Sons Limited or for providing advice in relation to the contents of
this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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