CASH L&g Efund Cash

RNS Number:0388G
Cardpoint PLC
19 October 2007


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM CANADA, AUSTRALIA OR JAPAN


19 October 2007


MERGER OF CARDPOINT AND ALPHYRA - POSTING OF SCHEME DOCUMENT


On 28 September 2007 Cardpoint and alphyra Holdings Limited ("alphyra")
announced that they had agreed the terms of a merger of Cardpoint and alphyra
(the "Merger").


The Board of Cardpoint is pleased to announce that the Scheme Document in
relation to the merger which sets out, amongst other things, the full terms and
conditions of the Scheme and an explanatory statement (pursuant to section 426
of the Companies Act 1985) is being posted to Cardpoint Shareholders today.


The Court Meeting and the Extraordinary General Meeting to approve the Scheme
and the Merger are scheduled to be held on 12 November 2007. Notices of the
Court Meeting and the EGM are contained in the Scheme Document. It is expected
that the Scheme will become effective on the 5 December 2007.


Copies of the Scheme Document are displayed on the Cardpoint website
www.cardpoint.co.uk and are also available for inspection at Freshfields
Bruckhaus Deringer, 65 Fleet Street, London EC4Y 1HS.


Unless the context otherwise requires, terms defined in the announcement dated
28 September 2007 have the same meaning in this announcement.


Enquiries:

Cardpoint

Philip Lanigan

Group Finance Director

Tel: +44 (0) 1253 361 300


Rothschild

Financial Adviser to Cardpoint

Ed Welsh

Tel: +44 (0) 20 7280 5000


Panmure Gordon

Nominated Adviser and Broker to Cardpoint

Hugh Morgan

Mark Lander (Corporate Broking)

Tel: +44 (0) 20 7459 3600


Financial Dynamics

PR adviser to Cardpoint

David Yates / Ben Brewerton

Tel: +44 (0) 207 831 3113



Rothschild, which is regulated in the United Kingdom by the FSA, is acting for
Cardpoint and no one else in connection with the arrangements described in this
announcement and will not be responsible to anyone other than Cardpoint for
providing the protections afforded to clients of Rothschild, nor for providing
advice in relation to the Merger, any acquisition of shares or securities in
Payzone or Cardpoint or any other matter referred to in this announcement.



Panmure Gordon, which is authorised and regulated in the United Kingdom by the
FSA and is a member of the London Stock Exchange, is acting exclusively for
Payzone and for Cardpoint, in each case as nominated adviser for the purpose of
the AIM Rules and as broker. Panmure Gordon's responsibilities as the nominated
adviser to Payzone and to Cardpoint are owed solely to the London Stock Exchange
and are not owed to Payzone, Cardpoint, alphyra or to any director of Payzone,
Cardpoint or alphyra or to any other person in respect of his, her or its
decision to acquire shares in Payzone or Cardpoint in reliance on any part of
this announcement or the Scheme Document or otherwise. Panmure Gordon is acting
for Payzone and for Cardpoint and no one else in connection with the
arrangements described in this announcement and will not be responsible to
anyone other than Payzone and Cardpoint for providing the protections afforded
to customers of Panmure Gordon, nor for providing advice in relation to the
Merger, any acquisition of shares or securities in Payzone, Cardpoint or alphyra
or any other matter referred to in this announcement.



This announcement is not intended to and does not constitute an offer to sell or
any invitation to purchase or the solicitation of an offer to subscribe for any
securities or the solicitation of any vote or approval in any jurisdiction
pursuant to the Merger or otherwise. Only the Scheme Document contains the full
terms and conditions of the Merger, including details of how to vote in favour
of the Scheme. Any responses to the Scheme should be made only on the basis of
the information in the Scheme Document. Scheme Shareholders are urged to read
the Scheme Document because it contains important information relating to the
Merger.



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

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