Issue of Equity

RNS Number : 7571A

Synchronica PLC

07 February 2011

 



7 February 2010

Synchronica plc

("Synchronica" or "the Company")

Issue of Equity

Further to the Loan Agreement announcement on 2 February 2011, Synchronica, the international provider of next-generation mobile messaging services, announces that it has allotted and issued  450,000 ordinary shares of 15 pence each in the share capital of the Company ("New Ordinary Shares") in relation to the drawdown of a loan of approximately C$1.5m.

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 8.00 am on 8 February 2011.

In addition, Synchronica has allotted and issued a further 377,000 ordinary shares of 15 pence each in the share capital of the Company ("Further New Ordinary Shares") to its former Nominated Adviser and Broker in lieu of fees. Application has been made to the London Stock Exchange for the Further New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that such Admission will occur at 8.00 am on 9 February 2011.

Following Admission of both the New Ordinary Shares and the Further New Ordinary Shares, the issued ordinary share capital of the Company will consist of 97,988,058 ordinary shares of 15 pence each 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]
Northland Capital Partners
(Nominated Adviser)	Shane Gallwey/Rod Venables	[phone]
(Nominated Broker)	Katie Shelton	[phone]
Walbrook PR Ltd		[phone]
(media enquiries)	Paul McManus	[e-mail]
(investor enquiries)	Paul Cornelius	[e-mail]

About Synchronica

Synchronica plc is a leading developer of next-generation mobile messaging solutions. Mobile Gateway, Synchronica's flagship product, provides push email, synchronization, instant messaging (IM), and social networking services to any mobile phone currently in use. Synchronica's patented transcoding engine uses advanced streaming to download email attachments and can dramatically reduce the consumption of network bandwidth by as much as 90 percent.

Mobile operators and device manufacturers from emerging and developed markets rely on Synchronica's white-labelled product for providing mass market messaging services across the entire customer base, diversifying revenues and reducing churn.

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

 

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