Invu, Inc. Announcement Regarding Special Meeting of Shareholders
07 November 2007 - 10:30PM
PR Newswire (US)
NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- Invu, Inc. (OTC:INVU)
announced that it has issued a notice to its shareholders of
record, as of November 2, 2007, of a Special Meeting of
Shareholders to be held on December 5, 2007 at Invu's offices in
the United Kingdom. At the Special Meeting, the Invu Shareholders
will consider, among other proposals, the merger of a subsidiary of
Invu PLC, a United Kingdom company, with and into Invu. Pursuant to
the Merger Agreement, dated November 6, 2007, shareholders of Invu
who are US Persons, as of the effective time of the Merger, will
receive $0.532 per share, except those shareholders who exercise
their dissenter's rights under Colorado law. Shareholders of Invu
who are non-US Persons, as of the effective time of the Merger,
will receive an Ordinary Share of Invu PLC for each common share
owned by such Invu shareholder, except those Invu shareholders who
exercise their dissenter's rights under Colorado law or who fail to
return a Form of Representation by March 31, 2008. The foregoing is
a brief, general summary of the merger proposal and important
details are set forth in the Proxy Statement and the Form of
Representation being sent to each Invu shareholder as of the voting
record date. The merger is subject to approval by the Invu
shareholders of the merger proposal and a proposal to reclassify
Invu common stock and other conditions set forth in the Proxy
Statement. All capitalized terms used in this press release,
including the term US Person, are as defined in the Proxy
Statement. The offering of Invu PLC shares in the merger is not
intended for Invu shareholders in the United States. The shares of
Invu PLC to be issued in the Merger will not be, nor have been,
registered under the Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration
under the Securities Act or an applicable exemption from such
registration requirements. The Proxy Statement and Merger Agreement
provide that no Invu PLC shares may be issued pursuant to the
merger to any person who is in the United States at either (i) the
time of receipt of the Proxy Statement, (ii) the time the completed
Form of Representation, if any, is mailed to the applicable Invu
registrar or (iii) at the effective time of the Merger. The Proxy
Statement further states that it does not constitute an offer to
any person in the United States and any attempt by any person in
the United States to obtain Invu PLC shares through the return of
the Form of Representation will be rejected. DATASOURCE: Invu, Inc.
CONTACT: John Agostini of Invu, Inc, 011-44-1604-859-893; Juliet
Clarke or Hannah Sloane, both of FD, 011-44-2072-697-248
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