29th Nov 2007 16:10
Synchronica PLC29 November 2007 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 heldtoday. 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 toretain, over the next twenty four months, much of the economic value of theshares issued, allowing the Company to participate in the upside ofSynchronica's own shares. Enquiries: Synchronica plcCarsten Brinkschulte, CEO +44 (0) 1892 552 799 +44 (0) 7977 256 406Angus Dent, CFO +44 (0) 1892 552 760 +44 (0) 7977 256 347 Corfin CommunicationsBen Hunt, Harry Chathli +44 (0) 20 7977 0020 Seymour Pierce LimitedDavid Newton +44 (0) 20 7107 8000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Syncona