Further Extension of the Bid

RNS Number : 3704T

Synchronica PLC

27 September 2010

 



27 September 2010

Synchronica plc

Further Extension of Bid for iseemedia

Synchronica plc ("Synchronica"), the international provider of next-generation mobile messaging services, announces that in connection with the take-over bid launched on 22 July 2010 for all the common shares and warrants of iseemedia Inc., Synchronica plc ("Synchronica") has taken up 2,265,843 additional common shares and 312,500 common share purchase warrants of iseemedia Inc. ("iseemedia").  Synchronica will pay for these shares by issuing 608,832 ordinary shares of Synchronica and 83,968 ordinary share purchase warrants of Synchronica. As a result of the most recent take-up, Synchronica now holds 90,164,519 common shares of iseemedia (or more than 84% of the common shares outstanding), as well as 7,686,250 common share purchase warrants of iseemedia expiring on December 11, 2011 and 33,333,334 newly issued common share purchase warrants of iseemedia expiring on September 20, 2013.

In an effort to acquire at least 90 percent of iseemedia and further expedite a second-stage going private transaction, Synchronica has extended its take-over bid for all the common shares and warrants of iseemedia to 5:00 p.m. (Toronto time) on Tuesday, 5^th October 2010. This extension will provide additional time for those current shareholders and warrant holders of iseemedia who have not deposited their securities to the bid to do so. During the extension period, subject to securities law requirements, Synchronica may, in its discretion, take up any additional shares or warrants deposited in accordance with the bid's terms.

Enquiries:

Synchronica plc www.synchronica.com	Carsten Brinkschulte, CEO Angus Dent, CFO Nicole Meissner, COO	[phone] [phone] [phone]
finnCap	Clive Carver , Nomad Charlotte Stranner, Corporate Finance Stephen Norcross, Corporate Broker	[phone] [phone] [phone]
Walbrook PR Ltd	Paul McManus	[phone] [phone] [e-mail]

About Synchronica plc

Synchronica plc is a leading developer of next-generation mobile messaging solutions based on open industry standards. The award-winning product portfolio includes the flagship product Mobile Gateway, providing push Email, synchronization, instant messaging (IM), backup and restore, and mobile connectivity to social networks. Synchronica's products are white-labelled and offered by mobile operators and device manufacturers in emerging and developed markets to provide mass market messaging services, increasing data revenues and reducing churn.

Synchronica Mobile Gateway provides a unique multi-protocol gateway combining Push IMAP, SyncML, ActiveSync, Email-to-MMS, and Email-to-SMS, delivering messaging services to literally any mobile phone currently in the market without requiring an additional client to be downloaded. Expanding instant messaging to mobile devices, Mobile Gateway establishes carrier-branded IM communities, using the industry standard XMPP and provides gateways to popular internet IM communities, connecting any IMPS-enabled handset.

Headquartered in England, Synchronica also maintains development centres in Germany and the Philippines in addition to a regional presence in the USA, Hong Kong, Madrid and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC.L). For further information, please visit www.synchronica.com.

 

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