RNS Number:5876M
Cardpoint PLC
20 June 2003


                         Cardpoint plc ("the Company")


       Result of Extraordinary General Meeting and Placing and Open Offer


On 29 May 2003 the Company announced that it had conditionally agreed to acquire
the entire issued share capital of Securicor Cash Machine Limited for a
consideration of up to #9.2 million. In order to finance the Acquisition and
provide the Enlarged Group with additional working capital the Company announced
a Placing and Open Offer of 11,334,867 Open Offer Shares at 53p per share to
raise approximately #6.0m (before expenses). Qualifying Shareholders were
invited to apply for the Open Offer Shares on the basis of 8 Open Offer Shares
for every 15 Existing Ordinary Shares.


The Directors and certain existing Shareholders irrevocably undertook not to
take up some or all of their entitlements under the Open Offer to an aggregate
of 3,677,482 Open Offer Shares which were conditionally placed firm by Evolution
Beeson Gregory Limited with institutional and other investors. Of the balance of
7,657,585 Open Offer Shares, valid acceptances have been received by Qualifying
Shareholders in respect of 5,377,917 Open Offer Shares, representing 70.232 per
cent. of the Open Offer Shares subject to clawback. The remaining 2,279,468 Open
Offer Shares have been taken up by the institutional and other investors with
whom the Clawback Shares were conditionally placed.


At the EGM held at 11.00am today the resolutions proposed and set out in the
notice dated 29 May 2003, principally concerning the Acquisition 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 Open Offer Shares
and readmission of the Existing Ordinary Shares to trading on AIM, which is
expected to take place on 23 June 2003.


For further information, please contact:


Enquiries:

Cardpoint plc
Mark Mills, Chief Executive Officer                   Tel: +44 (0)1253 785 808
                                                                  
mark.mills@cardpointplc.com                                www.cardpointplc.com
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Evolution Beeson Gregory Limited
Mike Brennan / Henry Turcan                           Tel: +44 (0) 207488 4040
                                                                     
henry.turcan@evbg.com                                             www.evbg.com
                                                                 ---------------


Media enquiries:

Bankside Consultants Limited                                     Tel: +44 (0) 20
                                                                     7444 4140
Ariane Vacher / Julian Bosdet
ariane.vacher@bankside.com                                     www.bankside.com
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Words and expressions defined in the prospectus of the Company dated 29 May 2003
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

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