Synchronica plc plans to delist from AIM

ROYAL TUNBRIDGE WELLS, UK, April 16, 2012 /CNW/ - Synchronica plc ("Synchronica" or "the Company"), announces that following the announcement from Myriad Group AG earlier today that all the remaining conditions to the offer for Synchronica PLC have been waived and that the offer is now wholly unconditional, it intends to apply to the London Stock Exchange for the cancellation of trading in the Synchronica Shares on AIM.

It is anticipated that the last day of dealings in Synchronica Shares will be 15 May 2012 and that such cancellation will take effect at 7.00a.m on 16 May 2012.

The cancellation of trading of Synchronica Shares will significantly reduce the liquidity and marketability of any Synchronica Shares not acquired by Myriad.

Cautionary Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Synchronica. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Synchronica's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Synchronica with the TSX Venture Exchange and securities regulators. Synchronica does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

For further information:

Synchronica plc
Simon Wilkinson, Executive Director
++44 (0) 7767 335880

Walbrook PR
+44 (0) 207 933 8780

Media Enquiries
Paul McManus
paul.mcmanus@walbrookpr.com 

Investor Enquiries
Paul Cornelius
paul.cornelius@walbrookir.com 

TMX | Equicom
Craig MacPhail
+1 416 815 0700 Ext 290

Northland Capital Partners
+44 (0) 207 796 8800

(Nominated Adviser)
Shane Gallwey/Rod Venables

(Corporate Broker)
Katie Shelton