RNS Number:8178I
Synchronica PLC
29 November 2007
Synchronica plc
("Synchronica" or "the Company")
Result of Extraordinary General Meeting
Synchronica, the mobile synchronisation and device management company,
is pleased to announce that all resolutions were passed at the EGM it held
today.
As a result, the Company will proceed with the transaction agreed with an
institutional investor which will see the issue of 30,000,000 new Ordinary
Shares, at 6.25p per share by the Company (representing 27.2% of the Company's
issued share capital) for a consideration of £1,875,000.
In addition the Company will enter into an equity swap with this investor to
retain, over the next twenty four months, much of the economic value of the
shares issued, allowing the Company to participate in the upside of
Synchronica's own shares.
Enquiries:
Synchronica plc
Carsten Brinkschulte, CEO +44 (0) 1892 552 799
+44 (0) 7977 256 406
Angus Dent, CFO +44 (0) 1892 552 760
+44 (0) 7977 256 347
Corfin Communications
Ben Hunt, Harry Chathli +44 (0) 20 7977 0020
Seymour Pierce Limited
David Newton +44 (0) 20 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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