AGM Statement
28 Junio 2007 - 6:45AM
UK Regulatory
RNS Number:2144Z
CMS WebView PLC
28 June 2007
RNS Release
28 June 2007
AGM results and Company Update
At the Company's Annual General Meeting held earlier today, all the resolutions
were duly passed.
In my Chairman's Statement dated 23 May 2007, I advised shareholders that I
would make a further update of the Company's position at the AGM.
In my statement I reported that although sales meetings were still ongoing, the
board wished to stress that no new TDI sales had yet resulted despite positive
feedback from many of the meetings indicating that the new sales model might
have the potential to deliver future revenues, and that it would therefore be
sensible for CMS to verify this possibility by continuing to meet potential TDI
customers over the short term.
I also noted, however, that while TDI sales were being actively pursued, the
board also recognised that CMS's cash position required the consideration of
other corporate actions at the same time. Acting in the best interests of
shareholders, CMS directors were open to corporate deal opportunities with
companies that might find significant value in CMS's 'clean' balance sheet and
its proven TDI product or in realising the value of CMS's intellectual property
assets.
Subsequently, in a trading statement dated 19 June 2007, the Company reported that
it had held discussions with a number of companies wishing to evaluate TDI, but
that it was important to highlight that those discussions were at an early stage.
I now have to report that none of the discussions have progressed beyond an early
stage and that the Company, while solvent, now has limited financial resources
at its disposal. The board has therefore taken professional advice and with
considerable regret determined that it should recommend to shareholders that the
solvent company be placed in Members Voluntary Liquidation (MVL). We will
therefore be writing to shareholders within the next few days and will be
convening an Extraordinary General Meeting to consider and, if thought fit,
pass the necessary resolutions to implement the MVL. During the intervening
period CMS will continue discussions with companies that might find value in the
Company's proven TDI product.
Enquiries, please contact:
Bob Antell Neil Boom
CMS WebView plc Gresham PR Ltd.
020 7744 7722 020 7404 9000
William Vandyk
Blue Oar Securities plc
020 7448 4400
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMPUUCCQUPMGGR
CMS Webview (LSE:CWV)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
CMS Webview (LSE:CWV)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Cms Webview (London Stock Exchange): 0 recent articles
Más de Cms Webview Plc Artículos de Noticias