EVN Environ Group

RNS Number:0179K
Europe Vision PLC
17 December 2007


                                Europe Vision plc
                                ('the Company')


  Proposed de-listing and cancellation of Ordinary Shares on AIM and Notice of
                                General Meeting


Pursuant to the RNS announcement of interim results on 2 November 2007, Europe
Vision (RNS: EVN), the AIM listed studio-to-screen European media company
announces that a circular ('the Circular') has today been posted to Shareholders
in relation to the proposed de-listing and cancellation of admission of Ordinary
Shares to trading on AIM of Europe Vision Plc, containing a notice of General
Meeting of the Company, to be held at 10.00 am on 10 January 2007.

Copies of the circular will be available from the Company's website at:
www.europevision.co.uk

The following information has been summarised from the Circular:


Introduction

On 28 September 2007 within its interim results, the Company announced that your
Board had decided that it may be in the best interests of the Company to de-list
from the AIM market and to re-structure through a new corporate entity to be
listed on the Frankfurt Stock Exchange. The Company further announced on 2
November 2007 that it had entered into preliminary arrangements to give effect
to a listing in Frankfurt. The Company is today announcing that it is seeking
shareholder approval to cancel the admission of the ordinary shares to trading
on AIM (the 'De-listing').

This letter sets out the background to and reasons for the De-listing and why
your Board believes it to be in the best interests of Shareholders as a whole,
and also includes a recommendation from the Directors.


De-listing

In its AIM admission document the Company made no secret of its intent to use
its status as a publicly traded company to attempt to acquire distribution
vehicles for its product by the issue of shares as well as from cash resources.

There has been very little liquidity in your Company's shares and such trading
as has occurred, has seemingly been outside the market in matched buyers and
sellers.

Your Board has discussed these concerns with its advisors and having taken into
account the AIM market situation the Board is recommending a re-structuring of
the Group with a view to it being listed on the Frankfurt Stock Exchange.

Your Board also believes that the on going costs and regulatory requirements of
a quotation on AIM can no longer be justified in relation to the Company and
that greater shareholder value will ultimately be derived by pursuing a listing
of the Group on the Frankfurt Stock Exchange.

Your Board has accordingly concluded that it is in the best interests of
Shareholders as a whole that the De-listing be approved.

Under the AIM Rules for Companies, the De-listing can only be effected by the
Company after securing a special resolution of Shareholders in a general
meeting, and the expiration of a period of at least twenty business days from
the date on which notice of the De-listing is given. In addition, a period of at
least five business days following the Shareholder approval of the De-listing is
required before the De-listing may be put into effect.

Following the De-listing, the Board will run the Company in the same manner, and
with the same objectives, as at present.

The Company will continue to keep Shareholders informed of all material
developments including the proposed admission of the Company to the Frankfurt
Stock Exchange. This procedure will include the circulation of the audited
accounts of the Company to the 31 October 2007 in accordance with the Company's
change of accounting reference date. It is expected that these audited accounts
will be available prior to the De-listing.

The special resolution contained in the Notice seeks Shareholder approval for
the De-listing. The Company has received irrevocable undertakings from
Shareholders holding Ordinary Shares, representing 71.77 percent of the current
issued ordinary share capital of the Company, to vote in favour of the
De-listing. Assuming that Shareholders approve this resolution, it is proposed
that the De-listing will take place at 7.00 am on 18 January 2008.

The Company's Nominated Adviser, KBC Peel Hunt, has been consulted with respect
to the De-listing. KBC Peel Hunt has notified the Company that they will resign
as Nominated Adviser with effect from 7.00 am on Friday 21 December.

Pursuant to the AIM rules for Companies this will mean that while the Company
will remain on AIM, and subject to its rules, trading in the Company's shares
will be suspended with effect from 7.00 am on 21 December 2007. The Company does
not propose to seek a replacement Nominated Adviser. Accordingly shareholders
should note that the Company will either De-list by way of shareholder voluntary
approval pursuant to this notice and the Resolution the Directors are
recommending or its AIM listing will be cancelled under AIM Rule 1 at 7.00 am on
January 21 2008, for failure to appoint a substitute nominated adviser.


General Meeting

Set out at the end of this document is a notice convening the General Meeting of
the Company to be held at 40 Craven Street, London WC2N 5NG at 10.00 am on 10
January 2008. At this General Meeting, the Resolution will be proposed.


Actions to be taken

You will find enclosed with this document a Form of Proxy for use at the General
Meeting. Whether or not you propose to attend the General Meeting in person you
are requested to complete and return the Form of Proxy to the Registrars in
accordance with the instructions printed thereon as soon as possible and, in any
event, so as to be received no later than 8.00 am on 8 January 2008. Completion
and return of a Form of Proxy will not preclude you from attending the General
Meeting and voting in person if you wish.


Recommendation

The Directors consider that the De-listing is in the best interests of the
Company and the Shareholders as a whole and is most likely to promote the
success of the Company for the benefit of the Shareholders as a whole.

The Directors unanimously recommend that you vote in favour of the Resolution.


                                     - Ends-


Enquiries:

Europe Vision plc
David Lowe, Chairman

Bell Pottinger Corporate and Financial
Olly Scott 078 1234 5205

KBC Peel Hunt Ltd 020 7418 8900
Capel Irwin
Richard Newman




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

END
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