Announcement of a Possible Offer

RNS Number : 7561W

Worldlink Group Plc

03 February 2012

 

For release: 3 February 2012

Announcement of a Possible Offer

The Directors of Worldlink Group Plc, (LSE: WGP) announce that The One Media Technology Corporation (the "Offeror") has approached the board of Worldlink with a view to a possible offer for all of the outstanding share capital of Worldlink.

While the Offeror is contemplating an offer, the talks may or may not lead to the making of an offer.

This approach does not constitute a firm intention to make an offer on behalf of the Offeror.

The date on which such firm intention to make an offer (if any) must be announced or an intention that it will not make an offer is 24 February 2012 unless extended pursuant to Rule 2.6.

Shareholders are reminded of the provisions of Rule 8 of the Takeover Code which is attached to this announcement as Schedule 1.

Further information on One Media Technology can be found at http://www.onemediatech.com/ 

For more information please contact:

Neil Riches                                                                              01737 221 078

Managing Director

Worldlink Group plc

Jon Belliss                                                                               0207 101 7070

XCAP Securities plc                                                                

Mike Wort/Anna Dunphy                                                        0207 556 1063/4

De Facto Financial

Notes to Editors

Worldlink is one of the UK's leading real-time mobile applications companies with patented technology that allows information held on the mobile device to be updated automatically without the need for a manual refresh. Information is delivered via a mobile telecommunications network in real time, whilst intelligently minimising the bandwidth required to transmit the data.  The technology is patent protected in the US and UK and is patent pending in Europe.

Worldlink has already licensed its patents to leading institutions in the financial and technology sectors and is furthering this process in the UK, Europe, and the US, where partnerships have already been put into place.

 

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