ROYAL TUNBRIDGE WELLS, UNITED KINGDOM, Jan. 7 /CNW/ - Synchronica plc
("Synchronica" or "the Company") (AIM:SYNC; TSX VENTURE:SYN) the
international provider of push email, instant messaging and social
networking services, announces, further to its announcement of 24
December 2010, that following approval by the TSX Venture Exchange on 5
January 2011, the Company has acquired the remaining interest in
iseemedia by way of an amalgamation (the "Amalgamation"), such that
iseemedia is now a wholly-owned subsidiary of the Company.
The Amalgamation of iseemedia with Synchronica Canada Inc. (a wholly
owned subsidiary of the Company) was effective under the Canada Business Corporations Act on 6 January 2011.
As none of the shareholders of iseemedia has exercised dissent rights
with respect to the Amalgamation, on the effective date of the
Amalgamation each issued and outstanding iseemedia share (other than
those held by dissenting shareholders of iseemedia or Synchronica
Canada Inc.) was converted into 0.2687 of a share of the Company.
iseemedia shareholders are requested to return their iseemedia common
share certificates to Computershare Investor Services Inc., together
with the Letter of Transmittal enclosed with the management proxy
circular of iseemedia dated November 25, 2010, to receive their new
share certificates of Synchronica. The detailed instructions for the
surrender of share certificates and the address of Computershare
Investor Services Inc. are set out in the Letter of Transmittal.
iseemedia shareholders are also advised that no fractional shares of
Synchronica will be issued in connection with the Amalgamation.
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, synchronisation, instant messaging, backup &
restore and mobile connectivity to social networks. Synchronica's
products are white-labelled and offered by mobile operators in emerging
and developed markets to provide mass-market messaging services,
increasing data revenues and reducing churn.
Synchronica's Mobile Gateway provides a unique multi-protocol gateway
combining Push IMAP, SyncML, ActiveSync, Email-to-MMS and Email-to-SMS,
delivering push email and synchronisation 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
Canada, the USA, Hong Kong, Spain, and Dubai. Synchronica plc is a
public company which is traded on the AIM list of the London Stock
Exchange (SYNC.L), and the Venture Exchange of the Toronto Stock
Exchange (SYN.V). For further information, please visit www.synchronica.com
The foregoing information may contain forward-looking statements
relating to the future performance of Synchronica plc. Forward-looking
statements, specifically those concerning future performance or
results, 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 public filings and
announcements made by Synchronica, including those made with AIM, a
market of the London Stock Exchange, with the TSX Venture Exchange or
with 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.
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.
SOURCE Synchronica plc
For further information:
|Synchronica plc |
|Carsten Brinkschulte, CEO |
Angus Dent, CFO
Nicole Meissner, COO
|+44 (0) 7977 256 406|
+44 (0) 7977 256 347
+44 (0) 7977 256 412
|TMX | Equicom ||Craig MacPhail ||416 815 0700, ext. 290|