Issue of Equity

RNS Number : 0655T

Synchronica PLC

21 September 2010

 



Synchronica plc

("Synchronica" or "the Company")

Issue of Equity

Synchronica plc ("Synchronica"), the international provider of next-generation mobile messaging services, announces that it has allotted 36,134,712 ordinary shares of 15 pence each in the share capital of the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted as follows:

·     14,590,767 ordinary shares of 15 pence each ("Ordinary Shares") in relation to the acquisition of iseemedia Inc.

·     8,956,660 Ordinary Shares in relation to a placing in Canada, raising gross proceeds of CDN $3 million

·     7,782,481 Ordinary Shares pursuant to a placing in the UK, raising gross proceeds of approximately £1.7 million

·     4,804,804 Ordinary Shares as deferred consideration in connection with the acquisition of Colibria

Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that such Admission will occur at 8 a.m. on 22 September 2010.

Following Admission, the issued ordinary share capital of the Company will consist of 92,109,261 Ordinary Shares with one voting right per share. There are no shares held in Treasury.

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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