RNS Number:1248J
Cardpoint PLC
04 December 2007
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM CANADA, AUSTRALIA OR JAPAN
4th December 2007
Payzone plc Investor and Analyst Presentation
On 28 September 2007 Cardpoint and alphyra announced that they had agreed the
terms of a Merger of Cardpoint and alphyra, to create a leading European
consumer payments and cash distribution group. The parent company of the
Enlarged Group will be a newly incorporated company named Payzone plc and will
be headquartered and tax-resident in Ireland and listed on AIM. Admission and
commencement of dealings on AIM in Payzone plc Shares are expected to occur at
8.00 a.m. on Wednesday, 5 December 2007.
Payzone plc will make a presentation of its business to investors and analysts
at 2 p.m. on Wednesday, 5 December 2007. The presentation will be held at the
London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS.
The presentation will focus on the business of Payzone plc and will be available
after the event at www.payzoneplc.com.
Due to strict security at the London Stock Exchange those wishing to attend the
presentation must register before the event. Attendees are asked to please allow
time to be admitted to the building. Please contact Temple Bar Advisory for
further details.
Unless the context otherwise requires, terms defined in the announcement dated
28 September 2007 have the same meaning in this announcement.
All of the above dates are indicative only and the dates set out depend, in
particular, upon the date of satisfaction or, where applicable, waiver of the
conditions of the Merger.
If any of the above times and/or dates change, the revised times and/or dates
will be notified by announcement through a Regulatory Information Service.
Unless otherwise stated, all references in this announcement to times are to
London time.
Enquiries:
Temple Bar Advisory Tel: +44 (0) 20 7002 1080
Nicola Flynn (nicolaf@templebaradvisory.com)
Tom Allison
Notes to editors:
Background:
On 28 September 2007 Cardpoint and alphyra announced that they had agreed the
terms of a Merger of Cardpoint and alphyra, to create a leading European
consumer payments and cash distribution group. The parent company of the
Enlarged Group will be a newly incorporated company named Payzone plc and will
be headquartered and tax-resident in Ireland and listed on AIM.
The transformational Merger combines two strong, proven and complementary
businesses. Payzone will benefit from a diverse product, geographic and Client
portfolio, as well as an experienced management team with a proven ability to
grow the business and a clear strategy of how to move the combined entity
forward, which, taken together, will provide a strong competitive platform on
which to continue to build. The established market presence of both alphyra and
Cardpoint offers both stability and scope for further growth, particularly
within the UK and Germany. Additionally, recently targeted alphyra markets of
Romania, Poland and Greece offer substantial future growth opportunities.
The Payzone Board believes that the Merger will create significant value for
Payzone Shareholders through cost savings and that the annualised pre-tax cost
benefits arising from the combination of the alphyra and Cardpoint businesses
will be at least Euro6.5 million per annum, once the full benefits of the Merger
are realised, with full benefits being realised within 12 to 24 months following
Completion.
About alphyra:
alphyra operates payzone, Europe's largest branded network for the acceptance of
consumer payments. Headquartered in Dublin, with operations in 21 countries
across Europe, alphyra processes over 540 million transactions per year on
behalf of its clients. These transactions have a value of over 9.8 billion Euro
and are handled electronically through the payzone network of over 240,000
points of service (terminals, vending units and EPOS tills) at more than 170,000
retail locations. alphyra offers a wide range of services including pre-paid
mobile phone top-ups, energy pre-payments, bill payments, pre-paid Visa
vouchers, local and housing authority payments, pre-paid Visa and MasterCard
credit cards, payment vouchers for on-line shopping, gift card and loyalty
programmes, transport ticketing, lottery games, parking and electronic road
tolling, debit and credit card acceptance, contactless payment solutions and
world-wide money transfer services.
About Cardpoint:
Cardpoint is the UK's leading independent ATM deployer with approximately 6,000
ATMs, operating throughout the UK and Germany. Cardpoint was the UK's first
stock market quoted independent cash machine deployer (IAD). It was admitted to
trading on AIM in June 2002 and trades under the ticker CASH.L. Cardpoint
operates three types of ATMs, these being free-standing, "through the wall"
(TTW) and merchant replenishment machines. Cardpoint also operates cash machines
for banks and building societies. In the UK, Cardpoint operates cash machines
for Bradford & Bingley bank and the Norwich and Peterborough building society.
In Germany, Cardpoint has a partnership with GE Money Bank. Cardpoint has
approximately 5,100 cash machines in the UK and over 800 cash machines in
Germany. Cardpoint's machines installed across the UK process more than 8
million transactions each month.
The distribution of this announcement in jurisdictions other than the United
Kingdom may be restricted by law and therefore persons into whose possession
this announcement comes should inform themselves about, and observe, such
restrictions. Any failure to comply with the restrictions may constitute a
violation of the securities laws of any such jurisdiction. This announcement has
been prepared for the purposes of complying with English law and the AIM Rules
and the information disclosed may not be the same as that which would have been
disclosed if this announcement had been prepared in accordance with the laws and
regulations of any jurisdiction outside the United Kingdom. This announcement
does not constitute an offer to purchase, sell or exchange or the solicitation
of an offer to purchase, sell or exchange any securities or the solicitation of
any vote or approval in any jurisdiction pursuant to the Merger or otherwise,
nor shall there be any purchase, sale or exchange of securities or such
solicitation in any jurisdiction in which such offer, solicitation or sale or
exchange would be unlawful under the laws of such jurisdiction. This
announcement does not constitute a prospectus, a prospectus equivalent document
or an AIM admission document. Investors and prospective investors in Payzone and
/or Cardpoint are advised to read carefully the formal documentation in relation
to the Merger. The Payzone Shares may not be offered or sold in the United
States absent registration under the Securities Act or an exemption therefrom.
Payzone has not registered and does not intend to register any Payzone Shares
under the Securities Act, or under the securities law of any state, district or
other jurisdiction of the United States, Australia, Canada or Japan and no
regulatory clearance in respect of the Payzone Shares has been, or will be,
applied for in any jurisdiction other than the UK. Any Payzone Shares will be
issued to Cardpoint Shareholders in reliance upon the exemption from the
registration requirements of the Securities Act provided by Section 3(a)(10)
thereof. Under applicable US securities laws, Cardpoint Shareholders (whether or
not US persons) who are or will be "affiliates" of Cardpoint or Payzone will be
subject to certain transfer restrictions relating to the Payzone Shares received
in connection with the Scheme.
Notice to US investors: The Scheme relates to the shares of Cardpoint, a company
incorporated in England and Wales, and is provided for under the laws of England
and Wales. The Merger is subject to the disclosure requirements and practices
applicable in the United Kingdom, which differ from the disclosure and other
requirements of US securities laws. Financial information included in the
relevant documentation has been and will have been prepared in accordance with
accounting standards applicable in the United Kingdom that may not be comparable
to the financial statements of US companies.
This announcement contains statements about Payzone, Cardpoint and/or alphyra
that are or may be forward-looking statements. All statements other than
statements of historical facts included in this announcement may be
forward-looking statements. Without limitation, any statements preceded or
followed by or that include the words "targets", "plans", "believes", "expects",
"aims", " intends", "will", "should", "may", "anticipates", "estimates",
"synergies", "cost savings", "projects", "strategy" or words or terms of similar
substance or the negative thereof, are forward-looking statements.
Forward-looking statements may include statements relating to the following: (i)
the expected timetable for completing the Merger, future capital expenditures,
expenses, revenues, earnings, synergies, economic performance, indebtedness,
financial condition, dividend policy, losses and future prospects of Payzone,
Cardpoint, alphyra and/or the Enlarged Group; (ii) business and management
strategies and the expansion and growth of Payzone, Cardpoint, alphyra and/or
the Enlarged Group's operations and potential synergies resulting from the
Merger; and (iii) the effects of government regulation on Payzone, Cardpoint,
alphyra and/or the Enlarged Group's business. These forward-looking statements
are not guarantees of future performance. These forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause
them to differ from the actual results, performance or achievements expressed or
implied by such forward-looking statements. These forward-looking statements are
based on numerous assumptions regarding the present and future business
strategies of such persons and the environment in which each will operate in the
future. Investors and prospective investors are cautioned not to place undue
reliance on the forward-looking statements, which speak only as of the date they
were made. All subsequent oral or written forward-looking statements
attributable to Payzone, Cardpoint or alphyra or any of their respective
members, directors, officers or employees or any persons acting on their behalf
are expressly qualified in their entirety by the cautionary statements above.
All forward-looking statements included in this announcement are based on
information available to Payzone, Cardpoint and/or alphyra on the date hereof.
Investors should not place undue reliance on such forward-looking statements.
Except as required by the FSA, the London Stock Exchange, the AIM Rules or any
other applicable law or regulation, none of such persons undertakes any
obligation to publicly update or revise any forward-looking statements.
No statement in this announcement is intended as a profit forecast or a profit
estimate, whether in relation to Cardpoint, alphyra, Payzone or otherwise, and
no statement in this announcement should be interpreted to mean that earnings
per Payzone Share, Cardpoint Share or alphyra Share for the current or future
financial years would necessarily match or exceed the historical published
earnings per Cardpoint Share or alphyra Share.
Neither the content of any website of Payzone, Cardpoint or alphyra (or any
other website) nor the content of any website accessible from hyperlinks on any
such website (or any other website) is incorporated into, or forms part of, this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFSLFELSWSESE
L&g Efund Cash (LSE:CASH)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
L&g Efund Cash (LSE:CASH)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024
