Re approach to Cardpoint plc

RNS Number:0809C
Cardpoint PLC
27 April 2006



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
AMERICA, CANADA, AUSTRALIA OR JAPAN

27 April 2006

FOR IMMEDIATE RELEASE

Cardpoint plc ("Cardpoint")
Response to Share Price Movement

In response to the movement in its share price, Cardpoint confirms that it has
received a preliminary approach regarding a potential offer for the Company.


Initial discussions are currently taking place to assess the seriousness of the
approach. These discussions are at a very early stage and accordingly, there can
be no certainty that any offer will be made.


A further announcement will be made in due course.


Pursuant to Rule 2.10 of the City Code, Cardpoint announces that it has
105,115,504 ordinary shares of 5p each in issue (ISIN GB0031587578) together
with unexercised options over a total of 8,110,556 ordinary shares.


Enquiries:



Cardpoint plc                                   Telephone: 01253 361300
Michael Hepher, Chairman
Mark Mills, Chief Executive Officer

N M Rothschild & Sons Limited                   Telephone: 0161 827 3800
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.


Dealing Disclosure Requirements


Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in
1% or more of any class of "relevant securities" of Cardpoint, all " dealings"
in any "relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3:30pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
"interest" in "relevant securities" of Cardpoint, they will be deemed to be a
single person for the purpose of Rule 8.3.


Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Cardpoint by Cardpoint, or by any of their respective
"associates", must be disclosed by no later than 12:00 noon (London time) on the
London business day following the date of the relevant transaction.


A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.


"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by the virtue of any option
in respect of, or derivative referenced to, securities.


Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.




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

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