Result of EGM

RNS Number:9203Z
Cardpoint PLC
18 June 2004


Press Release                               18 June 2004


                                 Cardpoint plc

                         ("Cardpoint" or "the Company")

             Result of Extraordinary General Meeting and Open Offer


On 26 May 2004 the Company announced that it had conditionally agreed to acquire
the HBOS Remote Estate for a gross consideration of up to #75 million, #40
million of which is payable in cash on completion with the remainder payable on
or about 14 January 2005, subject to the performance of certain performance
criteria.  The HBOS Remote Estate comprises 816 Cash Machines currently owned
and operated by HBOS and situated in locations away from bank and estate
branches (typically located at retail outlets, petrol stations and railway
stations).  In order to finance the Acquisition the Company announced that it
intended to raise approximately #35 million (before expenses) by way of an issue
of a total of 28,085,791 New Ordinary Shares at 125p.  Of this amount 24,000,000
New Ordinary Shares (#30 million) was placed firm with institutional and other
investors.  The balance of 4,085,791 New Ordinary Shares was offered to
Qualifying Shareholders under the Open Offer on the basis of 1 Open Offer Share
for every 8 Existing Ordinary Shares held.


As at 3.00 pm yesterday, being the last time and date for receipt of completed
application forms and payment in full under the Open Offer, valid acceptances
had been received from Qualifying Shareholders in respect of 2,568,475 Open
Offer Shares, representing 62.86 per cent. of the Open Offer Shares.  This
amount includes acceptances from Qualifying Shareholders for, in aggregate,
266,193 Open Offer Shares in excess of their Basic Entitlements which will be
met in full. The remaining 1,517,316 Open Offer Shares have been taken up by the
institutional and other investors with whom the Open Offer Shares were
conditionally placed.


At the EGM held at 10.00am today, the resolutions proposed and set out in the
notice dated 26 May 2004, principally concerning the Acquisition and the Firm
Placing and the Placing and Open Offer, were duly passed.  Consequently the
Company is delighted to announce that the only remaining condition is admission
of the New Ordinary Shares and readmission of the Existing Ordinary Shares to
trading on AIM, which is expected to take place on 21 June 2004.


                                   - Ends -


Enquiries:

Cardpoint plc

Mark Mills, Chief Executive Officer                    Tel: +44 (0) 1253 361 300
                                                            www.cardpointplc.com

Evolution Beeson Gregory

Mike Brennan / Henry Turcan                            Tel: +44 (0) 20 7071 4300

N M Rothschild & Sons Limited

Andrew Thomas                                          Tel: +44 (0) 161 827 3800


Media enquiries:


Bankside

Henry Harrison-Topham / Ariane Vacher                  Tel: +44 (0) 20 7444 4140
ariane.vacher@bankside.com                                      www.bankside.com


Words and expressions defined in the prospectus of the Company dated 26 May 2004
shall, unless the context provides otherwise, have the same meaning in this
announcement.


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

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